having some special characteristics. Network externalities and economies of scale in particular justified the (natural … telecommunications is in line with micro-economic theory, which predicts an increase in efficiency and lower prices when markets are … the internalisation of externalities (see the Kyoto protocol) and the debate on nuclear energy. These elements could exert …

information is shared, externalities arise. The standard conditions for the two fundamental welfare theorems, thus, implicitly …

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 …

Consider an environment with widespread externalities, and suppose that binding agreements can be written. We study …

investigate the incentives to expend effort for a prize that produces consumption externalities and consider alternative … regulatory policies. We find relatively more global consumption externalities will increase (decrease) rent seeking when con …- sumption externalities are negative (positive). We show how introducing Pigouvian taxation (possibly with revenue transfer) and …

of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt … theory of games II. Princeton University Press, Princeton, pp 307317, 1953) to characterize our value. In addition, we … average approach provided by Macho-Stadler et al. (J Econ Theory 135:339-356, 2007). …

We investigate externalities in higher education enrollment over the course of development in a two-sector model. Each … acquiring human capital. Both sectors exhibit productivity externalities in the size of the skill-specific labor and in the …

transportation and storage tariffs are described analytically. The optimal pipeline investment size is shown to be related to … marginal storage investment and a function of the discounted and aggregated cost of congestion over the lifetime's asset. …

analysis of investment incentives is still missing. Existing models, as the peak-load-pricing approach, analyze welfare optimal … investment and find that optimal investment is higher with more competitive spot markets. In this article we want to extend the … analysis to investment decisions of strategic firms that anticipate competition on many consecutive spot markets with …