general games. As a direct translation of the balanced cost reduction property, the axiom of balanced externalities for … possible to the idea behind balanced externalities, we weaken this axiom by requiring that every player's payoff is the same … fraction of its total externality inflicted on the other players. This weakening, which we call weak balanced externalities …

structured in four parts: I. Decentralized resource allocation processes for public and private goods - II. Environment, public … goods and externalities - III. Efficiency analysis - IV. Fiscal competition and optimality. … occasion of his retirement from teaching. The collection is structured in four parts: I. Decentralized resource allocation …