education in China appear to be zero. We estimate an instrumental variables fixed effects model where share of college graduates … is instrumented by the number of universities with special status and find positive external returns to education of … rural, men, and low-educated workers. This finding provides the motivation for increasing education investment in rural …

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

externalities. Using instrumental variables based on changing wind directions, we show increased levels of contemporaneous pollution …

where other firms are subsidized. These negative externalities depend on the share of firms that receive subsidies in the … subsidization, in a competitive environment of firms, may potentially harm non-subsidized firms. …

externalities of renewable energy plants using wellbeing data. We focus on the example of biogas, one of the most frequently … negative externalities: impacts are moderate in size and spatially confined to a radius of 2,000 metres around plants. We …

Using population-level administrative data, we study labor market externalities stemming from age-specific employment …

externalities appear along the lifecycle. In a simple model, we show that it may be efficient to subsidize innovative firms in their … early stages or to protect mature firms from competition to appropriate these externalities. However, non …-benevolent politicians may not choose efficient policies. Real-world examples indicate that politicians tend to concentrate on externalities …

. We identify an important asymmetry between positive and negative externalities and show that centralization may not be … efficient in economies with positive externalities even when regions are identical and centralization does not entail a loss of … accountability. We also show that decentralization can only Pareto dominate centralization in economies with negative externalities. …