Similar Search Results

Asymmetric industrial energy prices and international trade

Sato, Misato; Dechezlepretre, Antoine - London School of Economics (LSE) - 2015

This paper measures the response of bilateral trade flows to differences in industrial energy prices across countries … estimate the short-run effects of sector-level energy price asymmetry on trade. We find that changes in relative energy prices … have a statistically significant but very small impact on imports. On average, a 10% increase in the energy price …

Persistent link: https://www.econbiz.de/10011206864

Inequality, communication and the avoidance of disastrous climate change

Tavoni, Alessandro; Dannenberg, Astrid; Kallis, Giorgos; … - London School of Economics (LSE) - 2011

International efforts to provide global public goods often face the challenges of coordinating national contributions and distributing costs equitably in the face of uncertainty, inequality, and free-riding incentives. In an experimental setting, we distribute endowments unequally among a group...

Persistent link: https://www.econbiz.de/10011071462

Why labour hoarding may be rational: a model of firm behaviour during transition

Namazie, Ceema Zahra - London School of Economics (LSE) - 2003

In the Former Soviet Union, the early 1990s were characterized by large falls in GDP and small changes to already low unemployment. The slow adjustment to unemployment was a result of employers using various means to maintain employment levels, including; extended periods of unpaid leave,...

Persistent link: https://www.econbiz.de/10011126101

Modelling the service sector

King, Philip; Millard, Stephen - London School of Economics (LSE) - 2014

In the wake of the financial crisis output fell dramatically while inflation remained above its target and productivity collapsed relative to its previous trend. The fall in productivity relative to trend was particularly pronounced within the service sector, and then most particularly in...

Persistent link: https://www.econbiz.de/10011126118

Strategic communication: prices versus quantities

Alonso, Ricardo; Matouschek, Niko; Dessein, Wouter - London School of Economics (LSE) - 2011

We examine how cheap talk communication between managers within the same firm depends on the type of decisions that the firm makes. A firm consists of a headquarters and two operating divisions. Headquarters is unbiased but does not know the demand conditions in the divisions' markets. Each...

Persistent link: https://www.econbiz.de/10011126143

A trapped-factors model of innovation

Bloom, Nicholas; Romer, Paul M.; Terry, Stephen J.; Van … - London School of Economics (LSE) - 2013

We explain a counterintuitive empirical finding: Firms facing more import competition do more innovation. In our model, factors are trapped inside a firm. An increase in import competition encourages a firm to innovate by reducing the opportunity cost of inputs. Without trapped factors, trade...

Persistent link: https://www.econbiz.de/10011126195

The impact of a carbon tax on manufacturing: evidence from microdata

Martin, Ralf; de Preux, Laure B.; Wagner, Ulrich J. - London School of Economics (LSE) - 2014

negative impact on energy intensity and electricity use. No statistically significant impacts are found for employment, revenue …

Persistent link: https://www.econbiz.de/10011126344

Product choice and product switching

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K. - London School of Economics (LSE) - 2003

This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than...

Persistent link: https://www.econbiz.de/10010884551

The impacts of climate change levy on business: evidence from microdata

Martin, Ralf; de Preux, Laure B.; Wagner, Ulrich J. - London School of Economics (LSE) - 2009

We estimate the impacts of an energy tax – the Climate Change Levy (CCL) – on the manufacturing sector using panel data … (CCA). Since the CCAs stipulate specific targets for energy usage or carbon emissions, this comparison yields a lower bound … evidence that CCA participation had a strong positive impact on growth in both energy intensity and energy expenditures. An …

Persistent link: https://www.econbiz.de/10010884619

Keeping it simple: financial literacy and rules of thumb

Drexler, Alejandro; Fischer, Gregory; Schoar, Antoinette - London School of Economics (LSE) - 2010

Individuals and business owners engage in an increasingly complex array of financial decisions that are critical for their success and well-being. Yet a growing literature documents that in both developed and developing countries, a large fraction of the population is unprepared to make these...

Persistent link: https://www.econbiz.de/10010884647