We examine the role of consumption externalities in the demand for pharmaceuticals at both the brand level and over a … equations describing the dynamic adjustment process. We find that consumption externalities influence both valuations and rates …

capital gain position of the fund. This paper's simulations show that these externalities are important determinants of the …

externalities on other states in that the effects of the apportionment formula on aggregate employment is zero. Every job gained …

, and instruments, this paper analyzes the role of dynamic externalities for individual industries. Key issues examined … include the role of externalities from own industry concentration (localization, or MAR externalities) versus the role of … externalities from overall diversity of the local environment (urbanization, or Jacobs externalities). In contrast to previous …

subject to dynamic increasing returns, and pecuniary externalities that result from the factor substitution in the final goods …

presence of externalities. The paper employs a two-period, open economy framework in which the central government allocates its … externalities. This is not only because debt relief that expands the availability of current resources has positive direct income …

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