information is shared, externalities arise. The standard conditions for the two fundamental welfare theorems, thus, implicitly …

We incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes … condition to markets with externalities, we establish that stable matchings exist when agent choices satisfy substitutability … externalities even though the standard fixed-point techniques do not apply. …

This paper studies infinite-horizon bargaining between a seller and multiple buyers when externalities are present. We … externalities. Since each buyer receives a positive payoff when the seller makes an agreement with some other buyer, positive … externalities induce a war of attrition between buyers. …

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

We investigate externalities in higher education enrollment over the course of development in a two-sector model. Each … acquiring human capital. Both sectors exhibit productivity externalities in the size of the skill-specific labor and in the …

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 …