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Hedging with Trees: Tail-Hedge Discounting of Long-Term Forestry Returns

Hultkrantz, Lars; Mantalos, Panagiotis - 2016

Tail-hedge discounting is based on decomposition of returns from long-term investments in a fraction (gamma) that is correlated with consumption and another that is not. The first part is discounted at a discount rate that includes a risk premium, the other with the risk-free rate. We estimate...

Persistent link: https://www.econbiz.de/10012654413

Time for Fishing: Bargaining Power in the Baltic Swedish Cod Fishery

Blomquist, Johan; Hammarlund, Cecilia; Waldo, Staffan - 2013

How are market conditions affected by a change in fishery regulations? Who benefits and who loses? The paper discusses the price effects of a reform in the Swedish Baltic cod fishery where vessels using active gear were given annual quotas rather than the previously applied quarterly quotas. We...

Persistent link: https://www.econbiz.de/10013208662

Merge or fail? The determinants of mergers and bankruptcies in Switzerland, 1995-2000

Buehler, Stefan; Kaiser, Christian; Jaeger, Franz - 2005

This paper examines the determinants of mergers and bankruptcies, using firm level data from the Swiss Business Census and the Dun & Bradstreet exit database for Switzerland (1995-2000). Employing duration analysis, we find considerable differences in the determinants of mergers and...

Persistent link: https://www.econbiz.de/10010315602

The Superstar and the Followers: Intra-Firm Product Complementarity in International Trade

Arnarson, Björn Thor - 2017

This paper investigates whether firms' exports of different products within a market are systematically interconnected. Using high-quality Swedish firm-registry data from 1997-2011, I first document that the distribution of firm export sales is skewed towards their best performing products...

Persistent link: https://www.econbiz.de/10013208768

Foreign acquisitions, domestic multinationals, and R&D

Bandick, Roger; Görg, Holger; Karpaty, Patrik - 2011

The aim of this paper is to evaluate the causal effect of foreign acquisition on R&D intensity in targeted domestic firms. We are able to distinguish domestic multinationals and non-multinationals, which allows us to investigate the fear that the change in ownership of domestic to foreign...

Persistent link: https://www.econbiz.de/10012654365

Does the John Bates Clark Medal boost subsequent productivity and citation success?

Chan, Ho Fai; Frey, Bruno S.; Gallus, Jana; Torgler, Benno - 2013

Despite the social importance of awards, they have been largely disregarded by academic research in economics. This …' subsequent research activity and status compared to a synthetic control group of nonrecipient scholars with similar previous … research performance. We find evidence of positive incentive and status effects that raise both productivity and citation …

Persistent link: https://www.econbiz.de/10010316904

A comprehensive evaluation of the EU's biofuel policy: From biofuels to agrofuels

Murnaghan, Kitty - 2017

During a time in which the subject of climate change is deemed high on the list of priorities of many governments, it is important to assess to what extent policies in this field are achieving meaningful results. The link between energy usage and global warming is clear and today in the European...

Persistent link: https://www.econbiz.de/10011595852

Satisfaction with Democracy and Collective Action Problems: The Case of the Environment

Halla, Martin; Schneider, Friedrich; Wagner, Alexander - 2008

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...

Persistent link: https://www.econbiz.de/10010294929

Environmental and Energy Implications of Meat Consumption Pathways in Sub-Saharan Africa

Falchetta, Giacomo; Golinucci, Nicolò; Noussan, Michel; … - 2021

In sub-Saharan Africa (SSA) diets are largely based on cereal or root staple crops. Together with socio-cultural change, economic and demographic growth could boost the demand for meat, with significant environmental repercussions. We model meat consumption pathways to 2050 for SSA based on...

Persistent link: https://www.econbiz.de/10012501723

Growing electric vehicle adoption: Implications for infrastructure maintenance and the tax burden on families of different funding policies

Burns, Kalee E.; Hotchkiss, Julie L. - 2023

This paper examines the distribution of the gasoline tax burden in the presence of increased electric vehicle adoption. Automobile manufacturers and even some states have ambitious goals to phase out gas-powered cars. However, in spite of these plans, the primary source of automobile...

Persistent link: https://www.econbiz.de/10014388418