Using a newly constructed dataset on trade in services for 192 countries from 1970 to 2014, this paper shows that services currently constitute one-fourth of world trade and an increasingly important component of global production. A detailed analysis of patterns and stylized facts reveals that...

A considerable literature has extolled the virtues of transitioning away from rate-of-return regulation for infrastructure-intensive industries. I find that for a large-scale transmission network like the U.S. natural gas pipeline system, transmission capacity under rate-of-return regulation may...

The project explored the linkages between industry dynamics and economic activity, and the macro-congestion aspects of freight transport. The Kia Motors manufacturing plant near West Point, Georgia was selected for case study. The principal study effort went into collecting data elements in...

The quest for stylized facts regarding market share and natural market structures is not new, however extant research has predominantly concentrated on share rank and distribution. Using a sample of 220K firm-year observations representative of the US economy over four decades, this study...

This paper considers a monopoly firm (carrier) that charges a uniform price to passengers. Passengers are delay-sensitive and hence demand rates depend on waiting times. The carrier can choose to reveal or hide waiting time information. We show that optimal information strategies depend on the...

For policymakers, an important long-run question related to the development of renewable industries is how government policies affect decisions regarding the scrapping or upgrading of existing assets. This paper develops a dynamic structural econometric model of wind turbine owners' decisions...

Spanish Abstract: La correcta definición de un mercado relevante es un elemento fundamental en el análisis de prácticas anticompetitivas y abuso de poder de mercado que distorsionan la eficiencia económica. Este trabajo investiga la naturaleza de la competencia y define la extensión...

The growth of business firms is an example of a system of complex interacting units that resembles complex interacting systems in nature such as earthquakes. Remarkably, work in econophysics has provided evidence that the statistical properties of the growth of business firms follow the same...