. This raises the important issue of just how such voluntary cooperation might be obtained. In this paper, we explore the …

interview externalities, preventing agents from reaping the thick market benefits that would arise in the absence of the costly …

encompasses many economic models with externalities and outside options. We show that when outside options are pure (i …

Estimation and measurement of consumption externalities are still challenging problems in applied research. In this … paper, externalities as Nash equilibrium are estimated using consumer demand theory and a large data set. We estimate Nash … equilibrium consumption externalities in petrol budget shares of households living in a metropolitan area in UK. The reaction …

externalities. Within this framework we propose a new value that extends the Shapley value to partition function form games, the so …

encompasses many economic models with externalities and outside options. We show that when outside options are pure (i …

the multiplicity of the equilibria and the instability of behaviour when the externalities are strong. The equilibrium …

, we examine the direction of the effects. Whereas indirect effects induce players to internalize externalities they impose …

. Furthermore, since local interactions imply particular forms of externalities, their presence typically suggests government action …