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formation, and reproductive externalities. -- Altruism ; spite ; externalities ; conformity ; fixation ; signalling …
Persistent link: https://www.econbiz.de/10003811816
distress ex-post. If fire-sale liquidation imposes negative externalities on their peers, then firms can be collectively better …
Persistent link: https://www.econbiz.de/10013034519
Optimal tax theory has diffculty rationalizing high marginal tax rates at the upper end of the income distribution. In … simple expression for optimal taxes that accommodates consumption externalities within Mirrlees (1971) framework. Using this …
Persistent link: https://www.econbiz.de/10003909591
In this paper we argue that authorities aid cooperation by means ofdirect coordination or the enforcement of re-commitment devices suchas contract laws.Credible threats of violence allow this role. In alocal interaction model, an authority forms if mutually connected individuals with sufficient...
Persistent link: https://www.econbiz.de/10011302150
externalities, treatment of one unit often affects other units. To explore the implications of applying standard quasi …
Persistent link: https://www.econbiz.de/10011906389
positive externalities. Without subsidization, so the story reads, there would be an underinvestment in higher education. This … paper shortly reviews theoretical arguments as well as empirical evidence on externalities. It is found that evidence on … positive externalities is quite limited. What is more, evidence on negative externalities of higher education has been mainly …
Persistent link: https://www.econbiz.de/10010338372
exposed to external investments. The objective of the proposed two-sector model with environmental externalities is to provide … the two typologies of actors. -- Foreign Direct Investments ; Environmental Negative Externalities ; Structural Changes …
Persistent link: https://www.econbiz.de/10008746858
returns ; education externalities ; contingent valuation ; earnings …
Persistent link: https://www.econbiz.de/10003829714
The presence of a heavy truck on the road can impose an externality if accidents occur that would not have otherwise. We find each additional truck on the road increases the risk of a truck accident – but also, at an even higher rate, the risk of a car-on-car collision. Our estimates imply two...
Persistent link: https://www.econbiz.de/10011731933
Many transportation policies indirectly affect vehicle travel and resulting externalities by inducing changes in …
Persistent link: https://www.econbiz.de/10013435108