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 … effective institutions exist for overcoming coordination failure. External financing may weaken incentives for adjustment over … that strengthen incentives to provide effort. Uncertainty regarding future taxes reduces present effort and the …

Country incentives to participate in cooperative arrangements which either fully or partially internalize climate … change externalities from carbon emissions involve critical asymmetries. Small countries trade off own country costs of … country incentives to participate in carbon emission limitation negotiations using a micro global warming structure related to …

create asymmetric incentives because increases in externalities remain unpriced. This paper examines implications of such …Many countries use substantial public funds to subsidize reductions in negative externalities. However, such subsidies … asymmetric subsidy incentives by using a regression discontinuity design in California's electricity rebate program that provided …

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 …

This paper presents a simple but quite general framework for analyzing the impact of informational externalities. By … identifying the traditional pecuniary effect of these externalities which nets out,the paper greatly simplifies the problem of …

A common theme which runs through much of the investment literature is that private incentives may lead to sub … programs to alleviate these intergenerational externalities. Specifically, the sub-optimal investment in offspring human …'s education. Less obvious externalities may result when parents underinvest in themselves because they fail to consider spillover …