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 … consumption externalities are negative (positive). We show how introducing Pigouvian taxation (possibly with revenue transfer) and …

capacity and welfare by fitting it to the data of the German electricity market. -- Investment incentives ; demand uncertainty …

This state-of-the art collection of papers analyses various aspects of the theory of externalities and public goods … counterterrorism. This contributed volume was written in memory of Richard C. Cornes, a pioneer in the theory of externalities and … underpinnings of the theory. Furthermore, they highlight a range of topical empirical applications including climate policy and …