paid by the winner. We study the impact of these price-externalities on the first-price auction and the second … independently from the identity of the winner. We prove that the first-price auction is not affected by this kind of price-externalities … by the presence of such price-externalities. In any case, in comparison with the first-price auction, the second …

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 …

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

How agents assess the (in-)tangible externalities that others might impose on them can strongly influence strategic … externalities, are all subject to asymmetric information; utility is quasi-linear and transferable. An allocation rule will be …-balanced transfers if and only if it maximizes the sum of private payoffs exclusive of externalities. The corresponding mechanism is …