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作者：Simchi-Levi, David
作者单位：Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
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作者：Kaps, Christian; Marinesi, Simone; Netessine, Serguei
作者单位：University of Pennsylvania
摘要：Globally, 1.5 billion people live off the grid, with their only access to electricity often limited to operationally expensive fossil fuel generators. Solar power has risen as a sustainable and less costly option, but its generation is variable during the day and nonexistent at night. Thanks to recent technological advances, which have made large-scale electricity storage economically viable, a combination of solar generation and storage holds the promise of cheaper, greener, and more reliable...
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作者：Downey, Mitch; Lind, Nelson; Shrader, Jeffrey G.
作者单位：Stockholm University; Emory University; Columbia University
摘要：Unchecked climate change will cause precipitation volatility to increase around the world, leading to economic damages in the face of adjustment costs. We estimate these damages for construction-an economically important, climate exposed industry. Empirically, employment falls in response to forecasted rainfall and more so as the forecast horizon increases. This pattern allows for identification of labor adjustment costs via a multisector model of local labor markets calibrated to our estimate...
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作者：Babar, Yash; Adeli, Ali Mahdavi; Burtch, Gordon
作者单位：University of Wisconsin System; University of Wisconsin Madison; University of Memphis; Boston University
摘要：Recent shifts in societal discourse have led digital platforms to support equity, inclusivity, and diversity by introducing identity-signaling features, for example, indicators of owner race or gender. In this work, we explore whether, when, and how using those features may impact retailer demand. We tackle this question via a multimethod study. We begin by conducting a controlled experiment on Prolific.co, presenting subjects with actual Google Places business profiles for a set of Black-owne...
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作者：Zhao, Yifan; Basu, Arnab; Lontzek, Thomas S.; Schmedders, Karl
作者单位：Ihsan Dogramaci Bilkent University; International Institute for Management Development (IMD)
摘要：We compute the social cost of carbon (SCC) when decision makers want robust estimates in the face of deep (or Knightian) uncertainty. We introduce the notion of full path accumulated robust preferences from stochastic control theory to an integrated assessment model. Robust preferences are appropriate for analyzing climate-related problems because, given the large uncertainty in climate science, they enable decision makers to attain solutions that are robust to a wide range of climate change s...
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作者：Heitz, Amanda; Wang, Youan; Wang, Zigan
作者单位：Tulane University; University of Hong Kong
摘要：We examine whether the Environmental Protection Agency (EPA) uniformly enforces the Clean Air Act for politically connected and unconnected firms using a close election setting. We find no difference in regulated pollutant emissions or EPA investigations between the two groups, although connected firms experience less regulatory enforcement and lower penalties. These results are more pronounced for firms connected to politicians capable of influencing regulatory bureaucrats and for connected f...
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作者：Unal, Murat; Park, Young-Hoon
作者单位：Cornell University
摘要：E-commerce retailers are increasingly faced with challenges of finding ways to provide a seamless shopping experience to customers. The checkout process and its related touch points are especially critical in shaping the customer experience. We study the impact of adopting one-click buying, a feature that reduces the number of steps required to place a purchase order to a single click, on subsequent customer behavior. Using quasi-experimental data over a period of 35 months from an online reta...
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作者：Cong, Lin William; Hui, Xiang; Tucker, Catherine; Zhou, Luofeng
作者单位：Cornell University; Washington University (WUSTL); Massachusetts Institute of Technology (MIT); New York University
摘要：Blockchain-based smart contracts can potentially replace certain traditional contracts through decentralized enforcement and reduced transaction costs. However, scalability is a key bottleneck hindering their broader application and adoption, often leading to concentrated or exclusive networks. To avoid falling short of the original promise of the technology, firms actively explore layer-2 methods for scaling. We provide some initial evidence on the economic implications of a layer-2 scaling s...
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作者：Sautner, Zacharias; van Lent, Laurence; Vilkov, Grigory; Zhang, Ruishen
作者单位：Shanghai University of Finance & Economics
摘要：We estimate the risk premium for firm-level climate change exposure among S&P 500 stocks and its time-series evolution between 2005 to 2020. Exposure reflects the attention paid by market participants in earnings calls to a firm's climate-related risks and opportunities. When extracted from realized returns, the unconditional risk premium is insignificant but exhibits a period with a positive risk premium before the financial crisis and a steady increase thereafter. Forward-looking expected re...
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作者：He, Cheng; Ozturk, O. Cem; Gu, Chris; Chintagunta, Pradeep K.
作者单位：University of Wisconsin System; University of Wisconsin Madison; University of South Carolina System; University of South Carolina Columbia; University System of Georgia; Georgia Institute of Technology; University of Chicago
摘要：Governments worldwide have spent billions of dollars on monetary incentives for consumers to encourage the adoption of eco-friendly (green) products. However, there is little consensus on the effectiveness of delayed monetary incentives with complex structures, such as tax credits in increasing green product adoption and reducing carbon emissions. The literature is also limited on the mechanisms through which monetary incentives work in general. We address these issues by studying the impact o...
