due to consumption externalities. Finally, with perfectly flexible prices the ranking might increase the market power of …

-term externalities of binge drinking. We find that these externalities are on average £4.9 billion per year ($7 billion), about £80 for …

‘pecuniary externalities’. Two that affect borrowers and lenders balance sheets in pro-cyclical fashion are described, along with … measures that might help curb their destabilising effects. These ‘pecuniary externalities’ can be thought of as the unintended … Greenwald and Stiglitz (1986) – that when externalities are present, leaving things to the market may not be ‘constrained Pareto …

This paper studies a dynamic bargaining model with informational externalities between bargaining pairs. Two principals …

externalities are strong and bank franchise values are not too low, the private equilibrium can feature excess dividends relative to …

smooth dividend policy. We present a model that explains this behavior in a setting where there are financial externalities … banks. When such negative externalities are strong and bank franchise values are not too low, the private equilibrium can …

externalities and their impact on regional innovation. We examine MSA-level patent data during the period 1975-2000 and find that …

externalities from capital controls on investor portfolios. The analysis is structured based on information from investor interviews … expectations about future policies) rather than the direct cost of the controls. This evidence of significant externalities from …