This paper studies the extent to which the stated behavior of a household predicts the same household's actual shopping choices with respect to products that carry Environmental and Ethical (EE) labels. The analysis uses three years of household panel data on retail coffee purchases in Sweden. A...

We examine how the risk-return profiles of carmakers BMW and Porsche depend on whether car models are produced in the US or Europe. Using data from the US car market we combine a demand system for differentiated products with counterfactual paths to macroeconomic variables. We let prices and...

We provide a model that explains the following empirical observations: i) private ownership is more efficient than public ownership, ii) privatizations are associated with increases in efficiency and iii) the increase in efficiency predates the privatization. The two key mechanisms explaining...