negotiations are feasible and side payments are based on the realized level of externalities. Results show that an increase in …

I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I …

theory and in practice. A number of factors can call the independence property into question theoretically, including market …

Subsidies and in-kind transfers give rise to negative fiscal externalities. However, internalizing negative fiscal … externalities through taxation would undo the subsidy or in-kind transfer that caused them. Similarly, positive fiscal externalities … cannot be internalized though government subsidies. This paper describes a mechanism that transfers fiscal externalities from …

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 …