Showing 1 - 10 of 430
waste generation, and in which firms use primary and recycled inputs to produce output that has two `attributes': packaging … producers to reduce packaging and to design products that can more easily be recycled. But if local governments are constrained … attributes can still be achieved by a tax on producers' use of packaging and subsidy to producers' use of recyclable designs …
Persistent link: https://www.econbiz.de/10013324059
By reducing the costs of environmental protection, technological change is important for promoting green growth. This … a discussion of sources of environmental innovation. Given that most innovation is concentrated in a few rich countries … transfer. Because of the importance of market failures, I then discuss the role of both technology policy and environmental …
Persistent link: https://www.econbiz.de/10013065135
We study the effect of the diffusion of photovoltaic (PV) systems on the fraction of votes obtained by the German Green Party in federal elections. Using both regional and household survey data, we show that households that adopted PV systems became more supportive of the Green Party. We...
Persistent link: https://www.econbiz.de/10013063510
This paper examines the effect of Wal-Mart's entry into Mexico on Mexican manufacturers of consumer goods. Guided by firm interviews that suggested substantial heterogeneity across firms in how they responded to Wal-Mart's entry, we develop a dynamic industry model in which firms decide whether...
Persistent link: https://www.econbiz.de/10013122643
Brands and brand capital have long been theorized to play an important role in the formation of the industrial market structure of consumer goods industries. We summarize several striking empirical regularities in the concentration, magnitude and persistence of brand market shares in consumer...
Persistent link: https://www.econbiz.de/10012982031
Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10013129132
analyze the sustainability of the fiscal policy. We pursue three approaches to examine the sustainability. First, we calculate …
Persistent link: https://www.econbiz.de/10013121087
Using a recursive empirical model of the real interest rate, GDP growth, and the primary government deficit in the U.S., I solve for the ergodic distribution of the debt/GDP ratio. If such a distribution exists, the government is satisfying its intertemporal budget constraint. One key finding is...
Persistent link: https://www.econbiz.de/10013087045
The global economy has a chronic shortage of safe assets which lies behind many recent macroeconomic imbalances. This paper provides a simple model of the Safe Asset Mechanism (SAM), its recessionary safety traps, and its policy antidotes. Safety traps share many common features with...
Persistent link: https://www.econbiz.de/10013087881
Fiscal sustainability is one of the most pressing policy issues of our time. Yet it remains difficult to quantify …
Persistent link: https://www.econbiz.de/10013064889