When agents face coordination problems their choices often impose externalities on third parties. We investigate … whether such externalities can affect equilibrium selection in a series of one-shot coordination games varying the size and … the sign of the externality. We find that third-party externalities have a limited effect on decisions. A large majority …

taxation, commodity taxation, tax expenditures, externalities, public goods, capital income and wealth taxation, social …

This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi …

This paper studies infinite-horizon bargaining between a seller and multiple buyers when externalities are present. We … externalities. Since each buyer receives a positive payoff when the seller makes an agreement with some other buyer, positive … externalities induce a war of attrition between buyers. …