Showing 1 - 10 of 567
/sunk costs of this option are higher. Our results suggest that had China not liberalized its direct trading rights when it joined …
Persistent link: https://www.econbiz.de/10013022601
We examine the effect of school traffic pollution on student outcomes by leveraging variation in wind patterns for schools the same distance from major highways. We compare within-student achievement for students transitioning between schools near highways, where one school has had greater...
Persistent link: https://www.econbiz.de/10012893980
We develop a spatial model of energy exploitation where energy sources are differentiated by their geographic location and energy density. The spatial setting creates a scaling law that magnifies the importance of differences across energy sources. As a result, renewable sources twice as dense,...
Persistent link: https://www.econbiz.de/10013064302
We study the interplay between autonomous transportation, carpooling, and road pricing. We discuss how improvements in these technologies, and interactions among them, will affect transportation markets. Our main results show how to achieve socially efficient outcomes in such markets, taking...
Persistent link: https://www.econbiz.de/10012926412
The United States consumed more petroleum-based liquid fuel per capita than any other OECD-high-income country - 30 percent more than the second-highest country (Canada) and 40 percent more than the third-highest (Luxemburg). This paper examines the main channels through which reductions in U.S....
Persistent link: https://www.econbiz.de/10013112835
This is a comprehensive study of measurement and substantive issues that arise in determining the rate of multi factor productivity (MFP) growth in the transportation industry over the postwar period, 1948-87. Official data on output and employment are provided by two government agencies and...
Persistent link: https://www.econbiz.de/10012778843
In this chapter we draw from existing literature and a range of statistics to describe economic, entrepreneurial and innovative activities in the transportation and warehousing sector of the U.S. economy. We suggest multiple avenues for future work, and argue for more research on the role of...
Persistent link: https://www.econbiz.de/10013308125
This paper studies the role played by the distribution sector in shaping the behavior of the real exchange rate during exchange-rate-based-stabilizations. We use data for the U.S. and Argentina to document the importance of distribution margins in retail prices and disaggregated price data to...
Persistent link: https://www.econbiz.de/10013221936
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that … incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into … "gains from trade" approach can easily explain why changes in perceptions about the future (including "news" about the future …
Persistent link: https://www.econbiz.de/10013121592
We study the effect of the life settlement market on the structure of long term contracts offered by the primary market for life insurance, as well as the effect on consumer welfare, using a dynamic model of life insurance with one sided commitment and bequest-driven lapsation. We show that the...
Persistent link: https://www.econbiz.de/10013147600