This paper estimates the welfare impact of rural electrification in India using nationally representative household panel survey data for 2005 and 2012. Analysis based on a propensity-score-weighted fixed-effects model finds that while electrification is associated with a broad range of social...

Output gap estimates are widely used to inform macroeconomic policy decisions, including in Korea. The main determinant of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an incomplete estimate of labor market slack, given that many...

This paper studies the design of optimal, privately-stipulated damages when breach of contract is possible at more than one point in time. It offers an intuitive explanation for why cancellation fees for some services (e.g., hotel reservations) increase as the time for performance approaches. If...

Estimating the extent to which transportation contributes to air pollution levels has been hampered by the difficulty in separating the relative degree of ambient nitrogen dioxide generated by transportation, power generation, and industrial activity'all of which play roles. This paper addresses...

The European Union Emissions Trading Scheme is the first international cap-and-trade program for CO2 and the largest carbon pricing regime in the world. A principle concern over the Emissions Trading Scheme is the potential impact on the competitiveness of industry. Using a panel of 5,873 firms...

We question the positive role of responsible investors in driving pro-environmental corporate change, which is widely acknowledged in research, by revealing a negative relationship between a firm’s ownership by responsible investors and its suppliers’ environmental performance. We find...

Zhongyong thinking is a cognitive thinking style that plays a pivotal role for Chinese employees and organizations, and whether it harms or benefits creativity has long been discussed. In this study, we empirically examine the relationship between team Zhongyong thinking and team incremental and...

In urban areas around the world, increasing motorization and growing travel demand make the urban transportation sector an ever-greater contributor to local air pollution and greenhouse gas emissions. The situation is particularly acute in developing countries, where growing metropolitan regions...

Herein, we proposed a mild method for the preparation of carbon quantum dots (CQDs) nanofluids, in which PEG-200 as raw material greatly reduced nanomaterial cost. To ensure the effectiveness of CQDs nanofluids in real seawater desalination, a systematic stability evaluation and stability...