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Vetter, Henrik - Institut für Weltwirtschaft (IfW) - 2013

The efficiency of the Pigouvian tax suggests that price-based regulation is the proper benchmark for efficient regulation. However, results due to Carlton and Loury (1980, 1986) question this; when harm depends on scale effects a pure Pigou tax is inefficient regulation in the long run. In this...

Persistent link: https://www.econbiz.de/10010956141

Environmental taxes in the long run

Vetter, Henrik - 2013

Persistent link: https://www.econbiz.de/10010311971

A perfectly competitive economy is an economy without welfare relevant endogenous learning

Nyborg, Karine - 2021

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

Persistent link: https://www.econbiz.de/10012875989

Information-Constrained Optima with Retrading: An Externality and Its Market-Based Solution

Kilenthong, Weerachart; Townsend, Robert - Volkswirtschaftliche Fakultät, … - 2010

This paper studies the efficiency of competitive equilibria in environments with a moral hazard problem and unobserved states, both with retrading in ex post spot markets. The interaction between private information problems and the possibility of retrade creates an externality, unless...

Persistent link: https://www.econbiz.de/10008552807

Resale Markets and the Assignment of Property Rights

Jehiel, Philippe; Moldovanu, Benny - C.E.P.R. Discussion Papers - 1995

-dependent externalities to the non-consumers. Resale markets for such goods are analysed in various institutional settings with complete …

Persistent link: https://www.econbiz.de/10005124469

original papers : Who else is bidding? The Pareto optimality of disclosing bidder identities

Varma, Gopal Das - In: Review of Economic Design 7 (2002) 2, pp. 155-171

bids become due. It is shown that when bidders experience identity dependent externalities and auction participation is …

Persistent link: https://www.econbiz.de/10005596576

The Internalisation of External Costs in Transport: From the Polluter Pays to the Cheapest Cost Avoider Principle

Schmidtchen, Dieter; Koboldt, Christian; Monheim, Jenny; … - Berkeley Electronic Press

The European Commission mandated the consulting firm CE Delft to develop a framework for the internalisation of external costs and to devise a number of potential internalisation scenarios for further analysis. The results of their preliminary research are published in a CE discussion paper, and...

Persistent link: https://www.econbiz.de/10005579628

Global environmental problems, efficiency and limited altruism

Johansson-Stenman, Olof - Nationalekonomiska institutionen, Handelshögskolan - 2004

Global environmental problems are often assumed to imply extensive inefficiencies since there is no global authority corresponding to the government at a national level. This paper shows, on the contrary, that rich countries in a free unregulated market may still undertake globally efficient...

Persistent link: https://www.econbiz.de/10005651775

A Field Study on Matching with Network Externalities

Wilson, Alistair; Baccara, Mariagiovanna; Imrohoroglu, Ayse - Department of Economics, University of Pittsburgh - 2009

We study the effects of network externalities on a unique matching protocol for faculty in a large U.S. professional … demonstrate and quantify the effects of network externalities on choices and outcomes. Furthermore, we disentangle the different … perspective. Our study suggests the importance and feasibility of accounting for network externalities in general assignment …

Persistent link: https://www.econbiz.de/10010908266

Completing Ostrom's table : a note on the taxonomy of goods

Dios, Emmanuel S. de - 2015

and negative externalities. A pure public good is a positive externality whose appropriable benefits are too small or too …

Persistent link: https://www.econbiz.de/10010530530