externalities by setting appropriate prevention incentives through insurance premiums. A monopoly insurance solution reduces not … only costs of risk selection, but can also play an important role in loss-prevention. -- externalities ; insurance monopoly …

In markets where production has adverse externalities, policy makers may wish to increase welfare by imposing a cap on …

In markets where production has adverse externalities, policy makers may wish to increase welfare by imposing a cap on …

dampens cooperation, though only slightly. Surprisingly, externalities are immaterial. If we control for beliefs, they even … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion … expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …