Most retrospective merger studies resort to the treatment effect approach, comparing the price dynamics in a treatment group and in a control group. We propose a systematic method to construct the groups, which applies to any industry with spatial competition. The method is consistent with the...

After twenty years of global negotiations, the world is still far from a comprehensive climate agreement. The 'top-down' approach embodied by the Kyoto Protocol has all but stalled, chiefly due to disagreements over levels of ambition and objections to financial transfers. To avoid those...

In this paper we assess the current relevance of Ricardian theory. Relative prices, labor costs, and productivity are evaluated as determinants of a country's international competitiveness at the industry level. Working with detailed data on unit values and with industry data on productivity, we...

Viele nordamerikanische multinationale Unternehmen versuchen, standardisierte Verhaltenskodices in ihren europäischen Tochtergesellschaften zu implementieren, um Verhaltenweisen zu kontrollieren und um eine homogene Unternehmenskultur zu entwickeln. Durch die starke nordamerikanische...