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We focus here on a set of conceptual problems related to the accepted theory of externalities. We are primarily …. The creation of emissions and the creation of externalities are further not held apart producing flows in the efficiency … market model and the annexed sphere of externalities. We conclude that the accepted policy prescriptions both assume and …
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We offer a selective survey of the uses of cooperative and non-cooperative game theory in the analysis of legal rules and institutions. In so doing, we illustrate some of the ways in which law influences behavior, analyze the mechanism design aspect of legal rules and institutions, and examine...
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