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A perfectly competitive economy is an economy without welfare relevant endogenous learning
Nyborg, Karine - 2021
information is shared, externalities arise. The standard conditions for the two fundamental welfare theorems, thus, implicitly …
Persistent link: https://www.econbiz.de/10012520083
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Chapter 3. Property Rights, Public Goods and the Environment
Starrett, David A. - In: Handbook of environmental economics : volume 1, …, (pp. 97-125). 2003
We delineate the various ways in which rights to environmental and other resources can be assigned to individuals or groups. We then examine models of individual and group interactions, drawing out their implications for the ways in which resources will be utilized and managed under various...
Persistent link: https://www.econbiz.de/10014023942
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Pareto Improving Taxes
Geanakoplos, John - 2008
We show that in almost every economy with separable externalities, every competitive equilibrium can be Pareto improved … in economies with externalities. It shows that policy makers should look for good tax packages that help everybody …
Persistent link: https://www.econbiz.de/10012771789
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Libertarian Paternalism, Externalities, and the ‘Spirit of Liberty’ : How Thaler and Sunstein are Nudging Us Toward an ‘Overlapping Consensus’
Desai, Anuj C. - 2013
further argue that policymakers must take externalities into account, even when using choice architecture. Finally, I argue …
Persistent link: https://www.econbiz.de/10014193492
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Coase Minus the Coase Theorem - Some Problems with Chicago Transaction Cost Analysis
Schlag, Pierre - 2013
In law as well as economics, the most well-known aspect of Coase's “The Problem of Social Cost,” is the Coase Theorem. Over the decades, that particular notion has morphed into a crucial component of Chicago law and economics — namely, transaction cost analysis. In this Article, I...
Persistent link: https://www.econbiz.de/10013076720
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Pareto Improving Taxes
Geanakoplos, John; Polemarchakis, H. M. - 2006
We show that in almost every economy with separable externalities, every competitive equilibrium can be Pareto improved … in economies with externalities …
Persistent link: https://www.econbiz.de/10014056068
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External economies at the firm level : evidence from Swedish manufacturing
Lindström, Tomas - 1999
Using the method of Caballero and Lyons (1990, 1992), I examine detailed Swedish manufacturing firm-level data on output and factor inputs from 1979 through 1994. Panel regressions show that an increase in aggregate output and inputs appears to raise individual firms production beyond private...
Persistent link: https://www.econbiz.de/10011584498
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Dynamics of productivity and cost of labor in Italian Manufacturing firms
Bottazzi, Giulio; Grazzi, Marco - 2013
This paper studies the impact of size on labor cost and productivity for Italian manufacturing firms. The distributions of both labor cost and productivity display a wide support, even when disaggregated by sector of industrial activity. Further, both labor cost and productivity, when considered...
Persistent link: https://www.econbiz.de/10011730395
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Externalities, cross-sectoral spillovers and productivity growth
Felli, Ernesto - In: Open economies review 8 (1997) 2, pp. 171-188
Persistent link: https://www.econbiz.de/10001230394
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Marginality, dividends, and the value in games with externalities
Hüttner, Frank; Casajus, André - 2019
In the absence of externalities, marginality is equivalent to an independence property that rests on Harsanyi … and independence for games with externalities. We measure a player‘s contribution in an embedded coalition by the change …. The introduced method also allows us to investigate egalitarian solutions and to reveal how accounting for externalities …
Persistent link: https://www.econbiz.de/10012010357