environmental externalities such as pollution. We argue that consumer contracts generate externalities by overwhelming consumers … contracts would impose on consumers. This would force sellers to internalize these costs and incentivize them to invest in …, and comprehension rates would rise. To further penalize inefficient contracts while reducing the tax burden on efficient …

relational contracts, firms' profitability and consumers' welfare decrease. In contrast, a higher level of trust unambiguously … ; relational contracting ; interaction of explicit and implicit contracts ; welfare …

This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi …

We study the implementation of social choice rules in environments with externalities. We prove the impossibility of …

This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi …

encompasses many economic models with externalities and outside options. We show that when outside options are pure (i …