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 …

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 … intergenerational externalities in greater detail …

meaningful fire sale externalities in the mutual fund industry …

optimal, their marginal benefit of addressing externalities should equal their marginal cost of distorting risk-sharing. These … externalities that would rationalize existing regulations as optimal. I conduct a revealed-preference exercise using this portfolio … and test whether the recovered externalities are sensible. I find that the signs of existing CIP violations are …

importance in controlling harmful externalities. I compare the tax and liability here in theory and suggest that the conclusions … harmful externalities, its actual use has been limited, mainly to the domain of pollution. Liability, in contrast, has great …