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The aim of this paper is to investigate the role of culture, viewed according to Throsby’s definition of cultural capital (that is, an asset of tangible and intangible cultural expressions), in fostering economic growth. Recent literature in the field of cultural economics highlights a...
Persistent link: https://www.econbiz.de/10005007205
We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determine a contribution group, public good provision level, and its cost-sharing. The...
Persistent link: https://www.econbiz.de/10005007836
. We approach this omission by analyzing the role of positive and negative externalities of link formation. This yields … general results that relate situations of positive externalities with stable networks that cannot be “too dense” in a well …-defined sense, while situations with negative externalities tend to induce “too dense” networks. …
Persistent link: https://www.econbiz.de/10005008043
A profit-maximizing auctioneer can provide a public good to a group of agents. Each group member has a private value for the good being provided to the group. We investigate an auction mechanism where the auctioneer provides the good to the group, only if the sum of their bids exceeds a reserve...
Persistent link: https://www.econbiz.de/10005008302
class of coalition formation games with externalities where agents' preferences depend solely on the coalition structures …
Persistent link: https://www.econbiz.de/10005008436
We study a simple contracting game with a principal and two agents. Contracts exert an externalities on non contractors …
Persistent link: https://www.econbiz.de/10005057162
externalities within the food chain. Generally, whilst TFP growth rates are low over the period 1998-2002, these have reduced even … further when negative externalities are included. …
Persistent link: https://www.econbiz.de/10005060556
Unlike in the pesticide and antibiotic resistance literature, potential social costs and externalities associated with … considered less mobile, compared to insects and diseases, suggesting that externalities resulting from resistance spread will be …
Persistent link: https://www.econbiz.de/10005060560
In general, the use of incentive payments to landholders in environmental programs is poorly thought through. This article discusses situations where environmental incentive payments are more likely to be a cost-effective response by environmental funders. It is proposed that incentives can be...
Persistent link: https://www.econbiz.de/10005060688
This paper analyses the impact of trade on environment in Romania using a partial equilibrium model of bilateral trade in beef between Romania and the EU. We use a recursive dynamic model to analyse beef production and trade and adjust it as to include a component to evaluate the impact of...
Persistent link: https://www.econbiz.de/10005060831