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An Economic View of Corporate Social Impact

Allcott, Hunt; Montanari, Giovanni; Ozaltun, Bora; Tan, … - National Bureau of Economic Research - 2023

The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies' social impact. We conceptualize corporate social impact as the welfare loss that would be caused by a firm's exit. To illustrate, we quantify the social impacts of 74 firms in...

Persistent link: https://www.econbiz.de/10014421228

Algorithmic pricing and competition : empirical evidence from the German retail gasoline market

Assad, Stephanie; Clark, Robert; Ershov, Daniel; Xu, Lei - 2020

Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany's retail gasoline market where algorithmic-pricing software became widely...

Persistent link: https://www.econbiz.de/10012286512

Algorithmic pricing and competition : empirical evidence from the German retail gasoline market

Assad, Stephanie; Clark, Robert; Ershov, Daniel; Xu, Lei - 2020

Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany’s retail gasoline market where algorithmic-pricing software became...

Persistent link: https://www.econbiz.de/10012263827

Is cartelisation profitable? ; a case study of the Rhenish Westphalian Coal Syndicate, 1893-1913

Lübbers, Thorsten - 2009

precisely, we consider the Rhenish-Westphalian Coal Syndicate, a coal cartel that operated in Imperial Germany in the late 19th … event study methodology to asses the reaction of the stock market to the foundation of the cartel and two major revisions of … data in a dynamic panel data framework. Overall, our results suggest that the investigated cartel had no significant effect …

Persistent link: https://www.econbiz.de/10003862293

Volatility spillovers and causality of carbon emissions, oil and coal spot and futures for the EU and USA

Chang, Chia-Lin; McAleer, Michael; Zuo, Guangdong - 2017 - Revised: May 2017

Recent research shows that efforts to limit climate change should focus on reducing emissions of carbon dioxide over other greenhouse gases or air pollutants. Many countries are paying substantial attention to carbon emissions to improve air quality and public health. The largest source of...

Persistent link: https://www.econbiz.de/10011658757

Endogenous shifts in OPEC market power : a Stackelberg oligopoly with fringe

Huppmann, Daniel - 2013

This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders, market power increases endogenously as the spare capacity of the competitive fringe goes down. This effect is due to the specific cost function characteristics of extractive...

Persistent link: https://www.econbiz.de/10009771871

U.S. tight oil supply flexibility : a multivariate dynamic model for production and rig activity

Storrøsten, Halvor Briseid - 2023

This paper examines the supply of U.S. LTO from both a theoretical and empirical point of view. The theory model combines endogenous rig activity and stylized reservoir pressure mechanics with the classic Hotelling model for exhaustible resource extraction. The empirical section presents a...

Persistent link: https://www.econbiz.de/10014228275

Assessing market structures in resource markets : an empirical analysis of the market for metallurgical coal using various equilibrium models

Lorenczik, Stefan; Panke, Timo - 2015

The prevalent market structures found in many resource markets consist of a high concentration on the supply side and a low demand elasticity. Market results are therefore frequently assumed to be an outcome of strategic interaction between producers. Common models to investigate the market...

Persistent link: https://www.econbiz.de/10010530599

Market structure scenarios in international steam coal trade

Trüby, Johannes; Paulus, Moritz - 2011

The seaborne steam coal market changed in recent years. Trade volumes grew dynamically, important players emerged and since 2007 prices increased significantly and remained relatively high since then. In this paper we analyse market equilibria in the years 2006 and 2008 by testing for two...

Persistent link: https://www.econbiz.de/10009011864

Selling gasoline as a by-product : the impact of market structure on local prices

Haucap, Justus; Heimeshoff, Ulrich; Siekmann, Manuel - 2016

We use a novel data set with exact price quotes from virtually all German gasoline stations to empirically investigate how a temporary variance in local market structure - induced by restricted opening hours of specific players - affects price competition. We focus on stations selling gasoline...

Persistent link: https://www.econbiz.de/10011572420