We propose a joint modeling strategy for timing the joint distribution of the returns and their volatility. We do this by incorporating the potentially asymmetric links into the system of 'independent' predictive regressions of returns and volatility, allowing for asymmetric cross-correlations,...

This paper examines whether trade relationships facilitate resolution of international environmental spillovers. Trade might promote cooperation by providing opportunities for implicit side payments, allowing linkage between nvironmental and trade concessions, providing direct leverage over...

This paper is concerned with the theory of resilience pricing and sustainability measurement in the presence of risk for regime shift in a dynamic economy-environment system. Following Holling (1973),we consider resilience as the maximal perturbation that the system can absorb without flipping...

Based on the observation of best practice and detailed case studies we observe thatcompanies have started to organise themselves in loosely coupled networks, similar to themediaeval ‘commons’, and which we call ecosystems. These are far less structured than jointventures, but have at the...

Market orientation relates to how well an organization is aligned towards identifying,disseminating and responding to market intelligence. Prior research has typicallyconceptualized and examined market orientation as a property of an individual firm orbusiness unit. Such research has shown that...

The urban transportation sector's environmental, economic, and social footprint is immense and expanding. Many of the world's most vexing and pressing problems - fossil fuel dependency, global warming, poverty, and social exclusion - are inextricably tied to the transportation sector. Much of...

The enactment of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Rehabilitation Act, 2013, has made sweeping changes in the land acquisition laws of India (LARR Act, 2013). By increasing the compensation for acquired land, mandating a social impact...

Quality of life factors continue to gain importance in residential location decisions as well as location decisions of firms. One such factor is an attractive local landscape. The aim of this paper is to provide a survey of the empirical literature on the role of landscape amenities in local...

Using modern methods for analyzing multi-level data, we find that, by and large, citizens of OECD countries are more satisfied with the way democracy works in their country if more environmental policies are in place and if environmental quality is higher. We also document that parents care...