classes of cross-border and cross-product externalities ought to play in an important role when assessing this question in the … future. It discusses the possible roles to be played by bilateral, sequential, pass-through, and supply chain externalities …

investigate the incentives to expend effort for a prize that produces consumption externalities and consider alternative … regulatory policies. We find relatively more global consumption externalities will increase (decrease) rent seeking when … consumption externalities are negative (positive). We show how introducing Pigouvian taxation (possibly with revenue transfer) and …