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The More Climate Skeptics There Are, the Fewer Climate Entrepreneurs

Harvard Business Review

But how does the presence of climate skeptics affect the market for climate-related innovation? A drug company must incur a large fixed cost to do the basic research, so it has strong incentives to predict what the demand for the drug will be if its research succeeds. Suppose that there was only one bald man in the world.

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The Economic Impact of the Japanese Disasters

Harvard Business Review

The destruction will surely cost Japan many times the $132 billion that the 1995 Kobe earthquake did, making it one of the Japan's most costly natural disasters. Transportation disruptions and the closing of many factories throughout Japan will shrink Japanese aggregate demand and disrupt supply chains worldwide. on Tuesday.

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What the U.S. Economy Needs More Than Manufacturing

Harvard Business Review

The truth is, we don't actually compete much with China in our export markets; it's mainly with the Europeans, the Canadians, the Japanese. The concrete thing I heard is that we want to improve our infrastructure, which is a good idea for a number of reasons — and it does raise costs to some degree for our exports.

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More and More CEOs Are Taking Their Social Responsibility Seriously

Harvard Business Review

It has such a high share of the market that when there’s a problem with fake news it becomes, in large part, Facebook’s problem. To the extent these firms have market power, they’re less subject to quarter-to-quarter competitive pressure. Society, on the other hand, might pay substantial costs.

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