Noting the rising importance of international trade in global warming, this study proposes a new decomposition of carbon productivity by dividing it into the part of true carbon productivity (consumption-based labor productivity and population-sustaining power of CO2) and the part with zero-sum...

We build an econometric model of a household's purchase incidence and brand choice decisions in complementary product categories to account for cross-category dependence in demand. Complementarity is modeled as the additional utility that a household derives from the joint consumption of brands...

We develop a rationale for the payment by firms of a wage premium on marginal, or overtime, weekly hours. We examine wage-hours contracts within the framework of a two-period specific human capital model with asymmetric information. The wage premium serves to achieve contract efficiency. For...