نتایج جستجو برای: externality
تعداد نتایج: 1568 فیلتر نتایج به سال:
We study competitive economies with adverse selection and fully exclusive contractual relationships. We consider economies where agents are privately informed over the probability distribution of their endowments, and trade to insure against this uncertainty. As in Prescott-Townsend (1984), we model exclusivity by imposing the incentive compatibility constraints directly on the agents’ consumpt...
Today, many wireless device providers choose to sell devices bundled with complementary mobile social services, which exhibit strong positive network externality. Taking a reverse engineering approach, this paper aims to quantify the benefits of selling devices and complementary services under the following three strategies: separate pricing, bundled pricing, and hybrid pricing (both the separa...
We calculate the harm a birth imposes on others when greenhouse gas emissions are a problem and a cap limits emissions damage. This negative population externality, which equals the corrective Pigovian tax on having a child, is substantial in calibrations. In our base case, the Pigovian tax is 21 percent of a parent’s lifetime income in steady state and 5 percent of lifetime income immediately ...
Abstract In a horizontally differentiated duopoly, green attribute (environmental quality) can be added to the products. Average quality generates positive externality entering Government’s objective function (and possibly consumers’ utility). A tax on “dirtiest” product decreases its environmental but it increases that of cleaner rival enough imply an average increase, achieving protection. Th...
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