The objective of this paper is to analyze the impact of regulatory and environmental conditions on technical efficiency of European railways. Using a panel data set of 31 railway firms from 22 European countries from 1994 to 2005, a multioutput distance function model, including regulatory and...

We find a U-shaped relation between industry concentration and innovation. The relation is driven by neck-and-neck industries where firms operate with similar productivity. When industry concentration is low, innovation intensity decreases as concentration increases. However, when industry...

By analyzing Germany's voluntary Dual Management System for Packaging Waste Collection and Recycling (DSD), the paper highlights two aspects crucial for assessing voluntary environmental agreements from an antitrust viewpoint. First, specific features of DSD's governance structure are argued to...

American agricultural law's environmental record is a legacy of legislative failure. Most of the blame can and should be attributed to the failure of the law to separate ecological objectives from competing and ultimately contradictory economic objectives. Two strains of agroecological fallacies...

This article presents a model of sequential decisions about investments in environmentally dirty and clean technologies, which extends the path-dependence framework of Arthur (1989). This allows us to evaluate if and how an economy locked into a dirty technology can be unlocked and move towards...

This paper analyses the adoption of energy-efficiency enhancing technologies by heterogeneous firms. The fact that energy use does not only cause external environmental costs through pollution, but also directly affects the profitability of the firm and hence its behaviour on input and output...