Showing 101 - 110 of 58,699
positive externalities, using a “carrot” rather than a “stick.” Nevertheless, much confusion remains regarding its concept and …
Persistent link: https://www.econbiz.de/10014174289
When policymakers look to trim fat from the federal government they too often ignore half the problem: the vast and complicated set of spending programs administered by the IRS. These programs are often referred to as tax expenditures, but this paper argues that they should be viewed just like...
Persistent link: https://www.econbiz.de/10014196158
focuses on (i) the economics of speech externalities and (ii) the functional role of the First Amendment in constraining the … government's ability to force or enable actors to internalize externalities associated with their speech. When viewed from an … spillovers (positive externalities) and functions more broadly as an institution that sustains a spillover-rich cultural …
Persistent link: https://www.econbiz.de/10014221127
share a common conceptual structure. Both are negative externalities. Moreover, in the absence of regulation, both will …
Persistent link: https://www.econbiz.de/10014223474
The institutional and ecological structure of Hardin’s “tragedy of the commons” appears deceptively simple: the open-access pasture eventually will be overexploited and degraded unless (i) it is privatized, (ii) the government regulates access and use, or (iii) the users themselves impose...
Persistent link: https://www.econbiz.de/10014151273
The current tax laws are based heavily on concepts of physical geography, such as controlling premises and physical equipment or employing staff in the jurisdiction. The geographical concepts do not accommodate the cloud business model in any sensible way. As a consequence, the taxation of cloud...
Persistent link: https://www.econbiz.de/10014235577
We examine how moral sanctions and rewards, notably the moral sentiments involving feelings of guilt and virtue, would be employed to govern individuals' behavior if the objective were to maximize social welfare. In our model, we analyze how the optimal use of guilt and virtue is influenced by...
Persistent link: https://www.econbiz.de/10014122298
This paper revisits the tragedy of the commons when agents have different capabilities in both production and encroachment activities, and can allocate their time between them. Under fairly general assumptions on production and encroachment technologies, an individual's expected income is convex...
Persistent link: https://www.econbiz.de/10014123382
This is a Review of Guido Calabresi’s fascinating and thought-provoking new book, The Future of Law and Economics (presented in a book symposium held at the Hebrew University of Jerusalem in December 2016). The Review proposes to break the notion of commodification, as used by Calabresi, into...
Persistent link: https://www.econbiz.de/10014123734
User trust is an essential resource for the information economy. Without it, people will share less of their personal information and the digital economy will falter. Companies that use personal information do not protect this resource sufficiently. Instead, many take advantage of it for...
Persistent link: https://www.econbiz.de/10014127295