Absolute dominance of local brands is one of the most salient features of China’s regional battery electric vehicle (BEV) market. We use the entry of local BEV enterprises from 2016 to 2019 as a treatment to analyze how the presence of local producers shapes the regional market structure of...

Private risk reduction will be socially efficient only when firms are liable for all the damage that they cause. We find that environmental insurance can achieve efficiency even when fines and management mandates do not. The evolution of the U.S. Environmental Protection Agency's and states'...

In contrast to the Pollution Haven Hypothesis, the Trade-Up Hypothesis holds that international integration helps improve firms' environmental performance in developing countries. Using firm-level data from Shanghai, this paper examines how international linkages, in the form of foreign direct...

We study the impact of Tesla’s entry into China’s Electric Vehicle (EV) market. We find that Tesla’s entry has substantially increased the demand for EVs in China, and therefore has benefited Chinese EV producers. However, we also find that this positive impact is nullified for local EV...