account of technological change, the accumulation of knowledge and externalities. At the same time they highlight the …

account of social benefits of education. Our short note extends his paper on the social returns to accumulation of human … capital, with particular emphasis on the social returns to education which are given by the sum of the private and external … marginal benefits of a unit of human capital. In other words, we study the problem of human capital externalities which comes …

account the social benefits of education. Our note extends his paper on the social returns to accumulation of human capital …, with particular emphasis on the social returns to education which are given by the sum of the private and external marginal … benefits of a unit of human capital. In other words, we study the problem of human capital externalities which comes from …

We consider an economy where production generates externalities, which can be reduced by additional firm level …-à-vis outside investors. Policy is constrained as firms are privately informed about their marginal cost of avoiding externalities …

This paper examines the positions of Coase and Pigou in regard to the problem of external effects (externalities …

the benefits of taxation can lead to low support for taxes. In a dynamic market experiment with negative externalities, we … consistently find that people are less willing to accept Pigouvian taxes, aimed at reducing negative externalities and restoring … market efficiency, when the negative externalities are delayed. While people learn to adopt taxation when the negative …

" outcome is broadly established and accepted, but elaborations to encompass games with externalities (represented by partition …