In this paper, we investigate the interactions between two digital content distribution channels: central server (CS) based and peer-to-peer (P2P) based. A central server based channel (such as iTunes) forms a network that displays negative externality, while P2P (such as Vuze) is a network with positive externality. When presented with the option of these two channels to obtain digital content...

The purpose of the present study was to examine whether parents' locus of control (LOC) obtained before the birth of their child predicts the child's behavior at school in School Years 3 (ages 7-8) and 6 (ages 10-11). A modified version of the adult Nowicki-Strickland internal-external locus of control scale was completed by mothers and fathers in their own home during pregnancy. Externality wa...

We assess the economic value of life-cycle air emissions and oil consumption from conventional vehicles, hybrid-electric vehicles (HEVs), plug-in hybrid-electric vehicles (PHEVs), and battery electric vehicles in the US. We find that plug-in vehicles may reduce or increase externality costs relative to grid-independent HEVs, depending largely on greenhouse gas and SO(2) emissions produced durin...

how inflation taxation affects resource allocation and welfare has received a great deal of attention. so far, this debate has been controversial. in this paper we examine how nominal money growth as a means of public finance affects resource allocation and welfare in a neoclassical endogenous growth model with leisure and money in the utility function and production externality. the present st...

In this paper, we advance the state-of-the-art in designing ex-post truthful multi-armed bandit (MAB) mechanisms for multi-slot sponsored search auctions (SSA) through two different contributions. First, we prove two important impossibility results which rule out the possibility of an expost monotone MAB allocation rule having sublinear regret with time when the click through rates (CTR) of the...

An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders’ payoffs unaffected. The equilibrium and its outcome will then persist if certain types of externalities arise between bidders. One example are externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another example are cross-shareh...