Showing 1 - 10 of 340
wind power generates positive externalities at the global level by reducing carbon dioxide, it also generates negative … externalities at the local level, such as noise pollution from sound emissions. This paper analyses whether sound emissions from …
Persistent link: https://www.econbiz.de/10015190870
where other firms are subsidized. These negative externalities depend on the share of firms that receive subsidies in the …
Persistent link: https://www.econbiz.de/10013351788
the theories of public goods, externalities, marginal-cost cum peak-load pricing. This paper documents and attempts to …
Persistent link: https://www.econbiz.de/10013412954
This paper studies whether people's perception of improvements in local air quality are reflected in the housing market based on comprehensive data on real estate prices from Germany. Using a quasi-experimental research design, we exploit the staggered introduction of Low Emission Zones (LEZs)...
Persistent link: https://www.econbiz.de/10013420956
costs of investment and all players learn whether the project is of good or bad quality. Informational externalities create …
Persistent link: https://www.econbiz.de/10013427592
Using a unique dataset on the sectoral ownership structure of euro area equity mutual funds, we study how different investor groups contribute to the negative performance externality from large outflows. Investment funds, as holders of mutual funds, are the main contributors to the flow...
Persistent link: https://www.econbiz.de/10013446637
analysed, as well as the levels and roles of specialisation in the removal of externalities. At the same time, the paper …
Persistent link: https://www.econbiz.de/10013474133
welfare by creating positive externalities for society. Rewarding such prosocial risk-taking may be an important strategy in … addressing societal challenges like, for example, the climate emergency, by promoting innovation that has positive externalities … preferences are affected by potential positive externalities of risky behaviour. …
Persistent link: https://www.econbiz.de/10014293761
This paper revisits the path by which Coase developed the result now known as the Coase theorem, including the famous meeting at the home of Aaron Director during which Coase 'converted' a group of Chicago economists to his way of thinking. Drawing on published and archival sources, we discuss...
Persistent link: https://www.econbiz.de/10014316512
We present a theory linking political and social trust to explain trust erosion in modern societies. Individuals disagree on the seriousness of an externality problem, which leads to diverging policy opinions on how to solve it. This heterogeneity has two important effects on trust. First,...
Persistent link: https://www.econbiz.de/10014377449