The Covid-19 epidemic highlighted the significance of externalities: contacts with other people do not only affect our … with widespread externalities. The network function form generalises the partition function form of cooperative games in … involvement of more players allows for the - partial - internalisation of the externalities, but we also allow residual players to …

This paper presents a general model of a competitive market with consumption externalities, and establishes the …

During the 1950s and 1960s, many economists were convinced that externalities were a cause of "market failures … economist, James Buchanan, who systematically tried to show that externalities should not be viewed as a problem for market … market mechanisms and private arrangements in presence of externalities. By adopting an historical perspective, we are able …

paid by the winner. We study the impact of these price-externalities on the first-price auction and the second … independently from the identity of the winner. We prove that the first-price auction is not affected by this kind of price-externalities … by the presence of such price-externalities. In any case, in comparison with the first-price auction, the second …