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 …

This paper is the first to assess operational and probabilistic externalities of oil extraction and transportation to … routes. The resulting externalities appear reasonable both under the assumption of high future demand and under low demand … imported oil. -- Oil Transport ; Externalities Oil Spills ; Risk Analysis …