be regulated? I study the optimal regulation of externalities via an imperfect proxy good, characterize the optimal …

welfare by creating positive externalities for society. Rewarding such prosocial risk-taking may be an important strategy in … addressing societal challenges like, for example, the climate emergency, by promoting innovation that has positive externalities … preferences are affected by potential positive externalities of risky behaviour. …

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 fi?nd that third-party externalities have a limited effect on decisions. A large majority …

morally bad instead of good. Due to this asymmetry, people punish the perpetrators of negative externalities more severely … not only moral considerations but also the information setting of perpetrators of externalities are taken into account by …

externalities, we characterize the class of social preferences which give full priority to the individual with the lowest …

is common knowledge that their actions produce various externalities through the training of an algorithm? In an online …