Revealing private information to improve allocation and pricing in carbon offset projects can help improve the competitiveness of developing country offsets on global carbon markets. This study provides the first evidence from a developing country to directly compare alternative allocation...

This paper models the simultaneous investments in cost-reducing and environmental R&D by asymmetric firms competing à la Cournot. Pollution rights are allocated by the regulator, and firms can trade pollution permits. Both R&D competition and R&D cooperation are considered; in the latter case,...

We study the impact of Internet and social media presence on the market power of small, local banks in Poland. We observe that small banks, which generally embraced new distribution and communication channels considerably later than the large commercial banks, had to forego a portion of their...

Combining multi-year, firm-level surveys with country-level panel data for 53 countries, this paper explores the impact of bank competition on firms' access to finance. We find that low competition, as measured by high values of the Lerner index, diminishes firms' access to finance, while...