Showing 1 - 10 of 148
Persistent link: https://www.econbiz.de/10012818337
In this paper we propose a method to estimate externality effects in cash transfer programmes, even in cases when the … benefit is not randomly assigned. Externality is assessed through the decomposition of the average treatment effect on the … treated (ATT) into participation (direct) effect and externality (indirect) effect. We also suggest a nonparametric …
Persistent link: https://www.econbiz.de/10010293287
We study the regulation of a morally responsible agent in the context of a negative consumption externality and …
Persistent link: https://www.econbiz.de/10010294483
In this paper we consider the problem of sharing water from a river among a group of agents (countries, cities, firms) located along the river. The benefit of each agent depends on the amount of water consumed by the agent. An allocation of the water among the agents is efficient when it...
Persistent link: https://www.econbiz.de/10010325973
externality) or a deterioration in the quality of care through congestion (negative externality). We combine an agestructured …
Persistent link: https://www.econbiz.de/10010352589
The "Decentralization Theorem" (Oates, 1972) is central to the discussion of fiscal federalism. We revisit the role of consumption spillovers in evaluating the merits of (de)centralization. Unlike the general prediction, a higher degree of spillovers may reduce the difference in utility of...
Persistent link: https://www.econbiz.de/10010264235
Rothschild and Stiglitz (1976) show that there need not exist a competitive equilibrium in markets with adverse selection. Building on their framework we demonstrate that externalities between agents - an agent's utility upon accepting a contract depends on the average type attracted by the...
Persistent link: https://www.econbiz.de/10010276700
This paper examines the concept of global public goods (GPGs) and in that context explores the extent of aid (ODA) presently being diverted to GPG provision and whether such diversion skews aid-flows towards some recipients and whether diverting aid to GPG provision crowds out aid for...
Persistent link: https://www.econbiz.de/10010279171
We clarify the definition and interpretation of 'sustainability economics' (Baumgärtner and Quaas 2010) in response to recent comments by van den Bergh (2010), Bartelmus (2010) and others. For that sake, we distinguish between general and specific definitions of sustainability and...
Persistent link: https://www.econbiz.de/10010286614
externality. A within-subjects measure of reticence to impose harm does not explain cooperation. But the externality makes … entails harm on an outsider, again however severe the externality. …
Persistent link: https://www.econbiz.de/10010286690