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Consumption Externalities and Diffusion in Pharmaceutical Markets : Antiulcer Drugs

Berndt, Ernst R. - 2000

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 …

Persistent link: https://www.econbiz.de/10012470978

Tax Externalities of Equity Mutual Funds

Shoven, John B. - 2000

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

Persistent link: https://www.econbiz.de/10012471098

Preference Externalities : An Empirical Study of Who Benefits Whom in Differentiated Product Markets

Waldfogel, Joel - 1999

externalities', an increase in the size of the market brings forth additional products valued by others with similar tastes. But who … benefits whom? We examine the patterns of and mechanisms for preference externalities between black and white and between … preference externalities are large and positive within groups, they are small and possibly negative across groups. For example …

Persistent link: https://www.econbiz.de/10012471394

The Environmental Regime in Developing Countries

Jha, Raghbendra - 1999

This paper discusses the environmental externalities that are commonly found in the developing world (the environmental …

Persistent link: https://www.econbiz.de/10012471479

Vertical Externalities in Tax Setting : Evidence from Gasoline and Cigarettes

Besley, Timothy J. - 1999

A common feature of federal systems is that tax bases are joint property. Consequently, state and federal tax setting decisions are interdependent. Our aim here is to put forward a rudimentary theoretical analysis of this phenomenon, and to use the theory as a framework for econometrically...

Persistent link: https://www.econbiz.de/10012471813

Policy with Stochastic Hysteresis

Riabov, Georgii; Tsyvinski, Aleh - National Bureau of Economic Research - 2021

The paper develops a general methodology for analyzing policies with path-dependency (hysteresis) in stochastic models with forward looking optimizing agents. Our main application is a macro-climate model with a path-dependent climate externality. We derive in closed form the dynamics of the...

Persistent link: https://www.econbiz.de/10012510590

Empathy and the Efficient Provision of Public Goods

Heal, Geoffrey - National Bureau of Economic Research - 2021

I consider the effect of empathy towards others on the internalization of interpersonal externalities and on private …

Persistent link: https://www.econbiz.de/10012629475

A Pigovian Rule for the Optimum Provision of Public Goods

King, Mervyn A. - 1985

The integrated treatant of optimal taxation and public expenditure presented here is based on the dual relationship between the prices of private goods and the quantities of public goods. In this paper we derive analogues of Roy's identity and the Slutsky equation for the case of public goods....

Persistent link: https://www.econbiz.de/10012477399

Pecuniary & Market Mediated Externalities : Towards a General Theory of the Welfare Economics & Economies with Imperfect Information & Incomplete Mrkts

Greenwald, Bruce C. - 1984

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 …

Persistent link: https://www.econbiz.de/10012477791

Pigouvian Taxation with Administrative Costs

Polinsky, A. Mitchell - 1981

This paper examines how the optimal Pigouvian tax should be adjusted to reflect administrative costs. Several cases are examined, depending on whether the administrative costs are fixed per firm taxed or are a function of the amount of tax collected, and on whether such costs are borne by the...

Persistent link: https://www.econbiz.de/10012478373

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