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effects (e.g., the non rival nature of technology conflicts with congestion externalities). This observation allows to … externalities that reflect a catching up effect). The proposed framework, when associated to a growth setup, is able to replicate …
Persistent link: https://www.econbiz.de/10005835874
We model in an endogenous growth set-up the hypotheses that the expansion of market activities weakens social capital formation, and that firms can invest in formal mechanisms of control and enforcement to substitute for social capital (trust, work ethics, honesty). The model shows that the...
Persistent link: https://www.econbiz.de/10005835993
strategic guide for ISPs that covers features of two-sided markets such as strong externalities and discuss how these market …
Persistent link: https://www.econbiz.de/10005836021
In this paper, we introduce interdependent preferences to a classical one-to-one matching problem that allows for the prospect of being single, and study the existence and properties of stable matchings. We obtain the relationship between the stable set, the core, and the Pareto set, and give a...
Persistent link: https://www.econbiz.de/10005836394
Technological progress produces both positive and negative economy wide externalities. Although positive spillovers … corresponding socially optimal level. Taking on board the assumption that the two kinds of externalities are possible and that …-sector optimal growth model with externalities in the production of technology. The added assumption allows for introducing …
Persistent link: https://www.econbiz.de/10005836621
After presenting a broad review of Friedrich List's infant industry argument (Erziehungszollargument) departing from collected works of List, this study aims to compare his ideas with that of Hamilton, Say, Mill, Bastable and Kemp. It underlines the restricted theoretical validity of the...
Persistent link: https://www.econbiz.de/10005837400
This article reviews experimental evidence on the effects of policies intended to promote behavior by firms that is more socially responsible and less socially irresponsible. Corporate social responsibility (CSR) can provide firms with opportunities for profit, but changes are likely to increase...
Persistent link: https://www.econbiz.de/10011260275
This paper examines the positions of Coase and Pigou in regard to the problem of external effects (externalities …
Persistent link: https://www.econbiz.de/10011260441
The trade off between investing in energy savings in single family houses and investing in more expensive heating technologies with low variable costs has been modelled for a number of building and consumer categories in Denmark. The households have an option to combine their primary heating...
Persistent link: https://www.econbiz.de/10011260779
This paper uses laboratory experiments to investigate the effects of alternative solutions to a common-pool resource with a unidirectional flow. The focus is on the comparative economic efficiency of communications, bilateral “Coasian” bargaining, auctions and price-based allocations. All...
Persistent link: https://www.econbiz.de/10008619172