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The ties that bind : railroad Gauge Standards, sollusion, and internal trade in the 19th century U.S.
Gross, Daniel P. - 2016
Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility into focus through the lens of a historical episode...
Persistent link: https://www.econbiz.de/10011876523
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A tale of four tails : inflation, the policy rate, longer-term rates, and stock prices
Anene, Dominic; D'Amico, Stefania - 2017
We analyze empirical links between the perceived tail-risk of inflation, the policy rate, longer-term interest rates, and equity prices in the U.S. Their simultaneous changes enable us to distinguish between a systematic and "exogenous" response to monetary-policy news. And, those tail...
Persistent link: https://www.econbiz.de/10011774934
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Regionalization and Home Bias: The Case of Canada
Ceglowski, Janet - In: Journal of Economic Integration 15 (2000), pp. 548-564
The bilateral trade flows between Canada and the US have grown rapidly in the 1990s. Are they evidence of an emerging North American trading bloc? A gravity model of trade finds that while economic size and proximity can explain much of the substantial trade between Canada and the US, the US...
Persistent link: https://www.econbiz.de/10010840811
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ASEAN integration in 2030 : United States perspectives
Heng, Pek Koon - 2012
The paper argues that United States (US) participation in the East Asia Summit (EAS) - regional integration … of China (PRC) as the leading regional growth engine and an active player in regional integration arrangements; (iii) the … addressing political and security issues. Currently, two architectures for regional economic integration are contesting. The …
Persistent link: https://www.econbiz.de/10009558517
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ASEAN Integration in 2030 : United States Perspectives
Heng, Pek Koon - 2012
The paper argues that United States (US) participation in the East Asia Summit (EAS) — regional integration … of China (PRC) as the leading regional growth engine and an active player in regional integration arrangements; (iii) the …
Persistent link: https://www.econbiz.de/10013104125
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In the Face of Spillovers; Chinese ICT Trade With the U.S., Innovation and Economic Growth
Kouam, Henri - 2021
China’s unprecedented growth rate in the last decade is driven by its role as the global manufacturing powerhouse, but trade tensions with the U.S will affect economic growth for both superpowers. Meanwhile, several papers have sought to understand the impact of trade on innovation. A number...
Persistent link: https://www.econbiz.de/10013233251
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Technological revolutions and stock prices
Pástor, Ľuboš; Veronesi, Pietro - In: The American economic review 99 (2009) 4, pp. 1451-1483
Persistent link: https://www.econbiz.de/10003896764
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The Value Relevance of Greenhouse Gas Emissions Allowances : An Exploratory Study in the Related United States SO2 Market
Johnston, Derek; Sefcik, Stephan; Soderstrom, Naomi S. - 2014
This paper examines the valuation implications of greenhouse gas (GHG) emissions allowances. We posit that the value of a firm's bank of emission allowances has two components that are likely to be positively valued by the capital market: 1) an asset value component; and 2) a real option value...
Persistent link: https://www.econbiz.de/10014215049
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A Comparison of Anti-Manipulation Rules in U.S. and EU Electricity and Natural Gas Markets : A Proposal for a Common Standard
Ledgerwood, Shaun D. - 2013
In this paper, we describe the development and current status of anti-manipulation rules as they apply to wholesale electricity and natural gas markets in the United States and the European Union, including the institutions that are responsible for overseeing these rules. We then compare and...
Persistent link: https://www.econbiz.de/10013091121
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Commodity futures trading commission provides new streamlined process for commodity pool operators to request no-action relief for delegating certain activities to registered CPOs
Khuri, Walid; McLauglin, Robert M.; Mitchell, David S.; … - In: The journal of investment compliance 15 (2014) 3, pp. 41-46
Persistent link: https://www.econbiz.de/10010428102