technologies which reduce the cost of pollution abatement. The innovating firm can patent this innovation and use a licensing fee … to generate revenue. In a world of certainty, the first best level of innovation and abatement can be supported by either … a pollution tax or a marketable permit. However, the returns to the innovator from innovation are not the same under the …

We examine the role of consumption externalities in the demand for pharmaceuticals at both the brand level and over a … equations describing the dynamic adjustment process. We find that consumption externalities influence both valuations and rates …

capital gain position of the fund. This paper's simulations show that these externalities are important determinants of the …

externalities on other states in that the effects of the apportionment formula on aggregate employment is zero. Every job gained …

, and instruments, this paper analyzes the role of dynamic externalities for individual industries. Key issues examined … include the role of externalities from own industry concentration (localization, or MAR externalities) versus the role of … externalities from overall diversity of the local environment (urbanization, or Jacobs externalities). In contrast to previous …

subject to dynamic increasing returns, and pecuniary externalities that result from the factor substitution in the final goods …