production externalities by explicitly including them as unfavorable effects in the production function. Differently from … conventional analysis here government spending along with private production, also generate negative externalities. The model … externalities compared to the optimum, the lower the tax rate. …

the need for Policymakers to take into account externalities (among regions and cities), and to define policy targets at …

demand by increasing product quality or reducing negative externalities. We apply the framework to the database of Kee et al …

mechanisms and private arrangements in the presence of externalities. We show that, in contrast with what most economists admit …, Buchanan argued that, even if externalities are a cause of ``market failures,'' this cannot be used to legitimate the … historical perspective, we are able to show the remarkable consistency of Buchanan's claims about externalities, even though he …

unreached subgames are ignored. Due to the externalities, the profitability of deviations depends on the partition formed by the …