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The main objective of our study is to identify and assess chosen aspects of eco-innovativeness of the companies listed within the indices: WIG Energy, WIG Oil & Gas, WIG Basic Materials on the Warsaw Stock Exchange. The scope of this analysis encompasses selected results which facilitate...
Persistent link: https://www.econbiz.de/10012026167
Change in cropping practices is required to address the food security issues in Africa. Yet, testing of the performance … was tested against FAO statistics to evaluate the model performance under the current management conditions with …
Persistent link: https://www.econbiz.de/10011686804
compare two types of contracts: a deforestation performance-based contract and a conditional avoided deforestation … information rent/efficiency trade-off. If the contract is performance-based (resp. conditionality-based), information rents are … ; Performance ; Reducing Emissions from Deforestation and Forest Degradation + (REDD+) …
Persistent link: https://www.econbiz.de/10009687443
Using detailed project-level data, we document a novel mechanism through which information externalities distort investment. Firms anticipate information spillover from peers’ investment decisions and delay project exercise to learn from their peers’ outcomes. To establish a causal...
Persistent link: https://www.econbiz.de/10012816427
The energy transition increases the demand for minerals from ethnically diverse, conflict-prone developing countries. We study whether and where mining is possible in such countries without raising the risk of civil conflict. We proceed in three steps: First, we propose a theoretical model to...
Persistent link: https://www.econbiz.de/10013486121
Greenstone et al. examine the effect of the introduction of automatic air pollution monitoring on the reporting of local air pollution in China. Using 654 regression discontinuity designs (RDDs) based on city-level variation in the day that monitoring was automated, they find an immediate and...
Persistent link: https://www.econbiz.de/10014517214
Self-financing has often been seen as an important source for research-and-development (R&D) funding. However, an in-depth comparison between the determinants of self-financing in the case of traditional investments versus those in R&D has not been provided yet. We use a comprehensive data set...
Persistent link: https://www.econbiz.de/10011731350
We develop a theory of optimal financing for R&D-intensive firms. With only market financing, the firm relies exclusively on equity financing and carries excess cash, but underinvests in R&D. We use mechanism design to examine how intermediated financing can attentuate this underinvestment. The...
Persistent link: https://www.econbiz.de/10011749390
I study the incentives of Cournot duopolists to share their technologies with their competitor in markets where intellectual property rights are absent and imitation is costless. The trade-off between a signaling effect and an expropriation effect determines the technology-sharing incentives. In...
Persistent link: https://www.econbiz.de/10003905806
We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for admission to an innovation contest. After the contest,...
Persistent link: https://www.econbiz.de/10003935696