Over time, inspection agencies gather information about firms that cause harmful externalities. This information may … certain circumstances, mimicking, or even the threat of mimicking, might reduce socially harmful activities and thus be …

endogenous welfare relevant learning is feasible, the economy cannot be perfectly competitive unless identical learning choices … information is shared, externalities arise. The standard conditions for the two fundamental welfare theorems, thus, implicitly … preclude heterogeneous welfare relevant learning decisions. …

provided in terms of informational asymmetries, human capital externalities, and long planning horizons. Transparency is … utilization, learning outcomes, the dimensioning of education, and benefits and costs. Finally, suggestions for improved … transparency are considered. These involve devoting resources to research on the measurement of human capital externalities …

appear to be driven by informational externalities, especially for less competent public buyers purchasing technologically …

consumption externalities, we show that an equilibrium price equals the marginal cost if and only if the buyer network is complete … or cyclic. When the externalities are approximately linear in the size of consumption, we identify the classes of …