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 …

We develop a model of assignment games with pairwise-identitydependent externalities. A concept of conjectural … existence of equilibrium. We then apply the solution concept to a matching-based Cournot model in which the unit production cost … technology and human capital are complementary, the positive assortative matching (PAM) is a stable matching under rational …

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 …

This paper studies infinite-horizon bargaining between a seller and multiple buyers when externalities are present. We … externalities. Since each buyer receives a positive payoff when the seller makes an agreement with some other buyer, positive … externalities induce a war of attrition between buyers. …

When agents face coordination problems their choices often impose externalities on third parties. We investigate … whether such externalities can affect equilibrium selection in a series of one-shot coordination games varying the size and … the sign of the externality. We find that third-party externalities have a limited effect on decisions. A large majority …