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Water withdrawals for the energy sector are the largest use of fresh water in the United States. Using an econometric model of monthly plant-level electricity generation levels between 2001 and 2012, we estimate the effect of water scarcity on the US electricity fuel mix. We find that...
Persistent link: https://www.econbiz.de/10012981724
Under what conditions does cost-of-service regulation lead firms to distort costs? This paper analyzes changes in fuel procurement practices by coal- and natural gas-fired electricity generating plants in the United States following state-level legislation that ended cost-of-service regulation...
Persistent link: https://www.econbiz.de/10014153006
Although the allocative efficiency benefits of competition are a tenet of microeconomic theory, the relation between competition and technical efficiency is less well understood. Neoclassical models of profit-maximization subsume static cost-minimizing behavior regardless of market...
Persistent link: https://www.econbiz.de/10014028681
In this paper we study the productivity-survival link in the U.S. poultry processing industry using the longitudinal … productivity and demand-specific factors on plant survival and ownership change. Second, we analyze the determinants of the firm … ownership change. The effect of physical productivity on the probability of exit or ownership change is generally insignificant …
Persistent link: https://www.econbiz.de/10013018611
We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …
Persistent link: https://www.econbiz.de/10011975741
This paper shows that rising real estate prices reduce industry productivity, because they lead to a reallocation of … labor towards inefficient firms. This has significant negative consequences for aggregate industry productivity. I find that … industries with stronger growth in real estate value see a significant reduction in total factor productivity growth. A 10 …
Persistent link: https://www.econbiz.de/10012220104
This study examines the determinants of total factor productivity (TFP) in US firms. Moreover, the firms' technology … activities are more related within similar technologies are able to report higher productivity, especially during economic … recession periods. As such, firms can monitor productivity for strategic reasons such as corporate planning and organisation …
Persistent link: https://www.econbiz.de/10012867599
reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the marginal … marginal responsiveness of employment growth to business-level productivity has weakened. The responsiveness in the post-2000 … in the 1990s. Counterfactuals show that weakening productivity responsiveness since 2000 accounts for a significant drag …
Persistent link: https://www.econbiz.de/10011803797
the drop in private economy productivity growth between 1990-2000 and 2010-2016, though it accounted for less than 20% of … aggregate value-added. While productivity growth fell in almost all three-digit manufacturing industries, almost 40% of the fall … in aggregate manufacturing productivity growth reflected a slower decline of the deflator for computers and electronic …
Persistent link: https://www.econbiz.de/10014116390
Persistent link: https://www.econbiz.de/10000722042