This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi …

theincentives for strategic delegation. …

implementation leads to more delegation, but only if workers have high costs of obstructing informed decisions. We further find that …

satiable agents, i.e., the benefit function is decreasing beyond some satiation point. In such situations externalities appear … has an increasing benefit function (no externalities) then every weighted hierarchical solution is core-stable. In case of … satiation points, it appears that every weighted hierarchical solution is independent of the externalities. …

general games. As a direct translation of the balanced cost reduction property, the axiom of balanced externalities for … possible to the idea behind balanced externalities, we weaken this axiom by requiring that every player's payoff is the same … fraction of its total externality inflicted on the other players. This weakening, which we call weak balanced externalities …

costs of investment and all players learn whether the project is of good or bad quality. Informational externalities create …