goods and externalities - III. Efficiency analysis - IV. Fiscal competition and optimality. … processes for public and private goods - II. Environment, public goods and externalities - III. Efficiency analysis - IV. Fiscal … competition and optimality. The four pictures above evoke a key concept, method or model used in each of these four parts: MDP …

In this paper, we undertake an in-depth inquiry into the nature of sharing externalities, and study how they affect the … market outcome. We show that the key thing for understanding sharing externalities is the interplay between two forces: the … specialization/complexity effect, on the one hand, and the competition effect, on the other hand. How the interaction between these …