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I discuss recent contributions to the theory of group formation and the provision of jointly consumed public goods and services. I highlight the distinction between models of pure group formation, and models where the formation of groups and the sharing of public goods are constrained by a...
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The purpose of this study is to introduce tourism, externalities, and public goods to a small-open growth with … neoclassical growth theory with externalities, and ideas from tourism economics. The economy consists of three - service … insights into the complexity of open economies with endogenous wealth, public goods, and externalities. …
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and negative externalities. A pure public good is a positive externality whose appropriable benefits are too small or too …
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We consider a model of a single defendant and N plaintiffs where the total cost of litigation is fixed on the part of the plaintiffs and shared among the members of a suing coalition. By settling and dropping out of the coalition, a plaintiff therefore creates a negative externality on the other...
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