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Regulation, Allocation, and Leakage in Cap-and-Trade Markets for CO2
Bushnell, James - 2014
The allocation of emissions allowances is among the most contentious elements of the design of cap-and-trade systems. In this paper we develop a detailed representation of the US western electricity market to assess the potential impacts of various allocation proposals. Several proposals involve...
Persistent link: https://www.econbiz.de/10013070602
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Benchmark Regulation of Multiproduct Firms : An Application to the Rail Industry
Wilson, Wesley W. - 2018
A number of formerly regulated multiproduct industries have a transitional or permanent residual regulatory mandate to protect consumers from "excessive" prices. The legislation that deregulated most rail rates contains a statutory mandate for the regulator to protect shippers from "excessive"...
Persistent link: https://www.econbiz.de/10012907724
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SIMULATING RUSSIA’S AND OTHER LARGE ECONOMIES’ CHALLENGING AND INTERCONNECTED TRANSITIONS
Benzell, Seth G.; Goryunov, Eugene; Kazakova, Marija; … - 2015
This paper develops a large-scale, dynamic life-cycle model to simulate Russia’s demographic and fiscal transition under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, India, the EU, and Japan+ (Japan plus Korea). The model predicts dramatic...
Persistent link: https://www.econbiz.de/10011379852
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Inter-Asset Differences in Effective Estate Tax Burdens
Poterba, James M.; Weisbenner, Scott J. - 2003
This paper explores the effect of discretion in estate valuation techniques on the effective estate tax burden on different asset classes. For some assets, such as liquid securities, there is relatively little discretion in valuation. For other assets, such as partial interests in closely-held...
Persistent link: https://www.econbiz.de/10014089930
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Covid-19 and SME Failures
Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021
We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm …-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage …
Persistent link: https://www.econbiz.de/10013244116
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Firm Size Distortions and the Productivity Distribution : Evidence from France
Garicano, Luis - 2014
structurally estimate the key parameters of our model to construct counterfactual size, productivity and welfare distributions …
Persistent link: https://www.econbiz.de/10013064453
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Innovation and Productivity in Smes : Empirical Evidence for Italy
Hall, Bronwyn H. - 2010
Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … success from firm surveys along with the usual Ramp;D expenditures and productivity measures. We then apply the model to data … on Italian SMEs from the quot;Survey on Manufacturing Firmsquot; conducted by Mediocredito-Capitalia covering the period …
Persistent link: https://www.econbiz.de/10012758059
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Does Financing Spur Small Business Productivity? Evidence from a Natural Experiment
Krishnan, Karthik - 2014
We analyze how increased access to financing affects firm total factor productivity (TFP) by exploiting a natural …
Persistent link: https://www.econbiz.de/10013053481
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Business Practices in Small Firms in Developing Countries
McKenzie, David J. - 2015
Management has a large effect on the productivity of large firms. But does management matter in micro and small firms … the variation in outcomes – sales, profits and labor productivity and TFP – in microenterprises as in larger enterprises …
Persistent link: https://www.econbiz.de/10013016653
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School, What is it Good for? Useful Human Capital and the History of Public Education in Central Europe
Cvrcek, Tomas - 2013
The rise of education has featured prominently in the debate on the sources of modern long-term economic growth. Existing accounts stress the positive role of public education and the importance of political support for its provision. We argue that such an explanation for the spread of schooling...
Persistent link: https://www.econbiz.de/10013071912