endogenous fuel-specific technological change shows that subsidies cannot substitute for explicit carbon pricing and that even a …

Welfare economics, scope and performance of government, externalities, public goods, cost-benefit analysis, subsidies … addresses externalities, provided the social return is above a threshold. This paper argues that another consideration needs to … be brought into the mix - whether, in spite of the externalities, the private sector has an incentive to undertake the …

searching process of individual investors and the information externalities of investors in the aggregate. Policy implications …

The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple …

externalities associated with exchange rate movements. Does this make it optimal to impose capital controls or should policymakers …

incorporates consumption, leisure, mortality and inequality, and we extend the methodology to include environmental externalities …