On the Invariance of the Rate of Return to Convex Adjustment Costs
收藏相关数据集
Worst-Case Bounds on R&D and Pricing Distortions: Theory with an Application Assuming Consumer Values Follow the World Income Distribution
We prove that, for general demand and cost conditions and market structures, the fraction of first-best surplus that a monopolist is unable to extract in a market provides a tight upper bound on the r
NBER2018-10-01 更新110
International Spillovers and Water Quality in Rivers: Do Countries Free Ride?
Transboundary spillovers may degrade environmental quality if countries free ride. This paper examines the extent of such degradation in water quality in international rivers. Using data from river mo
NBER2001-11-01 更新90
Long-term Debt and Optimal Policy in the Fiscal Theory of the Price Level
The fiscal theory says that the price level is determined by the ratio of nominal debt to the present value of real primary surpluses. I analyze long-term debt and optimal policy in the fiscal theory.
NBER1998-10-01 更新40
The Geography of Financial Misconduct
We find that a firm's tendency to engage in financial misconduct increases with the misconduct rates of neighboring firms. This appears to be caused by peer effects, rather than exogenous shocks like
NBER2014-07-01 更新100
Dinner Table Human Capital and Entrepreneurship
We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or a closely related industry as their fathers industry of employment. Second, this
NBER2018-01-01 更新60
