negative pollution externalities associated with local production. We distinguish between two goods (food and manufactures) and … equilibrium framework. We investigate the impact of pollution by focusing on the interaction between location advantages and … activity tends to become less attractive with pollution, and thus less likely. Moreover, we provide a simple necessary and …

Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is … externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability …

pollution under different scenarios, so that we can evaluate the combination of environmental regulation and recombinant …

energy use does not only cause external environmental costs through pollution, but also directly affects the profitability of …

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 …

Neumann-Morgenstern expected utility functions using cooperative game theory. The social network literature studies various … numbers of neighbours) of the positions in a network. Although this allows for externalities, in the sense that the … preferences of a position might depend on the way how other positions are connected, these externalities can be taken into account …

). Finally, we offer considerations on the optimal design of liability rules. …