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output (or input) commodities, is a central theme of the theory of cooperative games with transferable utility. Ever since … microeconomic theory. More recently, the simpler problem of rationing a single commodity according to a profile of claims …
Persistent link: https://www.econbiz.de/10014023837
"externalities", the description of which requires partition function form (PFF) games. In this paper we propose a method to compute … mechanism to determine gas flows and transport fees for individual players and uses the recursive core and the minimal claim …
Persistent link: https://www.econbiz.de/10012016390
, hence agreements must be stable against both types of deviations. The appropriate extension of the classical core concept …, the Sustainable Core, is defined for this new setup to test the stability of allocations in such a complex environment. A … achieved by choosing an element in the Sustainable Core. -- …
Persistent link: https://www.econbiz.de/10009656675
This study compares energy and emission taxes used to control pollution and provide incentives for the adoption of an advanced abatement technology in a Cournot oligopoly. We examine multistage games where the government may intervene in order to maximize social welfare by setting an...
Persistent link: https://www.econbiz.de/10011540791
We study the welfare effects of a revenue-neutral green tax reform in a federation. The reform consists of increasing a tax on a polluting input and reducing that on labor income. Households are fully mobile within the federation. Regions are unequally endowed with a nonrenewable natural...
Persistent link: https://www.econbiz.de/10010496890
One of the more striking features of the debate over the Coase theorem is the wide variety of models and theoretical frameworks used to discuss, evaluate, or otherwise analyze Coase’s result - an artifact of an ambiguity in Coase’s reasoning. Some framed Coase’s result in a bargaining...
Persistent link: https://www.econbiz.de/10012648438
The author reviews recent studies of how social status concerns influence individual preferences for redistribution and impact the design of optimal tax policies. He focuses on two aspects: the relevant dimension over which relative concerns are defined and the different formalizations of the...
Persistent link: https://www.econbiz.de/10011816453
The author reviews recent studies that investigate how social status concerns influence individual preferences for redistribution and impact the design of optimal tax policies. He focuses on two aspects: the relevant dimension over which relative concerns are defined and the different...
Persistent link: https://www.econbiz.de/10011892338
taxation, commodity taxation, tax expenditures, externalities, public goods, capital income and wealth taxation, social …
Persistent link: https://www.econbiz.de/10012174286
This paper discusses the externalities and market failures in cryptocurrency markets. In particular, I highlight the … significant environmental externalities created by Proof-of-Work (PoW) cryptocurrencies, the most prominent of which is Bitcoin …. The main goals of this paper are to quantify these externalities, illustrate the mechanisms by which they arise, and …
Persistent link: https://www.econbiz.de/10014422325