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Contagious cooperation, temptation, and ecosystem collapse
Richter, Andries; van Soest, Daan; Grasman, Johan - 2013
Real world observations suggest that social norms of cooperation can be effective in overcoming social dilemmas such as the joint management of a common pool resource - but also that they can be subject to slow erosion and sudden collapse. We show that these patterns of erosion and collapse...
Persistent link: https://www.econbiz.de/10010313210
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Contracting with Externalities and Outside Options
Bloch, Francis; Gomes, Armando - 2004
encompasses many economic models with externalities and outside options. We show that when outside options are pure (i …
Persistent link: https://www.econbiz.de/10011324948
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Instant Efficient Pollution Abatement under Non-Linear Taxation and Asymmetric Information: The Differential Tax Revisited
Mensink, Paul - 2004
This paper analyzes incentives for polluting firms to exchange abatement cost information under the non-linear pollution tax scheme ('differential tax') introduced by Kim and Chang [J. Regul. Econom. 5, 1993, 193-197]. It shows that polluting firms have - under mild conditions - an incentive to...
Persistent link: https://www.econbiz.de/10011324997
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Bidding among Friends and Enemies
Ettinger, David - 2003
paid by the winner. We study the impact of these price-externalities on the first-price auction and the second … independently from the identity of the winner. We prove that the first-price auction is not affected by this kind of price-externalities … by the presence of such price-externalities. In any case, in comparison with the first-price auction, the second …
Persistent link: https://www.econbiz.de/10011325066
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A theory of endogenous coalition structures
Ray, Debraj; Vohra, Rajiv - 1998
Consider an environment with widespread externalities, and suppose that binding agreements can be written. We study …
Persistent link: https://www.econbiz.de/10011608412
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Sovereign wealth funds: form and function in the 21st century
Clark, Gordon L.; Monk, Ashby H. B. - 2010
As representatives of nation-states in global financial markets, sovereign wealth funds (SWFs) share a common form and many functions. Arguably their form and functions owe as much to a shared (global) moment of institutional formation as they owe their form and functions to the hegemony of...
Persistent link: https://www.econbiz.de/10010272445
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Computational complexity in additive hedonic games
Dimitrov, Dinko; Sung, Shao-chin - 2008
We investigate the computational complexity of several decision problems in hedonic coalition formation games and demonstrate that attaining stability in such games remains NP-hard even when they are additive. Precisely, we prove that when either core stability or strict core stability is under...
Persistent link: https://www.econbiz.de/10010279421
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On the legitimacy of coercion for the financing of public goods
Bierbrauer, Felix - 2009
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10010279476
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The effect of spillovers and congestion on the segregative properties of endogenous jurisdiction structure formation
Oddou, Rémy - 2011
This paper analyzes the effect of spillovers and congestion of local public goods on the segregative properties of endogenous formation of jurisdiction. Households living in the same place form a jurisdiction and produce a local public good, that creates positive spillovers in other...
Persistent link: https://www.econbiz.de/10010279515
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The Political Economy of Energy Innovation
Dasgupta, Shouro; De Cian, Enrica; Verdolini, Elena - 2016
This paper empirically investigates the effects of environmental policy, institutions, political orientation, and lobbying on energy innovation and finds that they significantly affect the incentives to innovate and create cleaner energy efficient technologies. We conclude that political economy...
Persistent link: https://www.econbiz.de/10011492403