characterize cooperation. We then argue that this mechanism is applicable to a wide range of economic questions and illustrate this … claim using the problems of "The Tragedy of the Commons" and "R&D Spillovers in Duopoly" …

cooperation in the presence of "multi-directedness," whereby people's preferences depend on their psychological motives. People …

cooperation in the presence of "multi-directedness," whereby people's preferences depend on their psychological motives. People …

cooperation in the presence of "multi-directedness", whereby people's preferences depend on their psychological motives. People …

. We approach this gap by analyzing the role of positive and negative externalities of link formation. We find general … results that relate situations of positive externalities with stable networks that cannot be 'too dense' in a well …-defined sense, while situations with negative externalities, tend to induce 'too dense' networks. …

This paper analyzes equlibrium and welfare for a tractable class of economies (games) with externalities, strategic … efficiency benchmark designed to address whether the equilibrium use of information is optimal from a social perspective; the … few applications, including production externalities, beauty contests, business cycles, and large Cournot and Bertrand …

spillovers (positive externalities) and functions more broadly as an institution that sustains a spillover-rich cultural … focuses on (i) the economics of speech externalities and (ii) the functional role of the First Amendment in constraining the … government's ability to force or enable actors to internalize externalities associated with their speech. When viewed from an …

and technical externalities but free-ride on the transfer system. Efficiency can be achieved by introducing a second … externalities in the form of inter-regional capital tax competition and technical externalities in the form of inter …-regional spillovers. The federal government aims to correct for these inefficiencies using a transfer system. If the regional governments …

If local public goods exhibit spillovers and regions are sufficiently symmetric, decentralization implies under …