This article develops a framework for assessing the implementation of standards in context multiple negative externalities resulting from meat production. The is applied to introduction New Dutch Retail Standard broiler market, standard on animal welfare initiated by private sector with national coverage. results show that this did not lower producer, retailer, and consumer welfare; rather, soc...

When a user shares her data with online platforms, she reveals information about others. In such setting, externalities depress the price of because once user's is leaked by others, has less reason to protect and privacy. These depressed prices lead excessive sharing. We characterize conditions under which shutting down markets improves welfare. Platform competition does not redress problem exc...

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. JEL Code: D62, D63, D64, O00.

We construct a market based mechanism that induces players in a non-cooperative game to make the same choices as characterize cooperation. We then argue that this mechanism is applicable to a wide range of economic questions and illustrate this claim using the problems of ”The Tragedy of the Commons” and ”R&D Spillovers in Duopoly”. JEL: .C72, D62, H40.

This paper surveys the literature on group selection. I describe the early contributions and the group selection controversy. I also describe the main approaches to group selection in the recent literature; …xation, assortative group formation, and reproductive externalities. Keywords: Altruism; spite; externalities; conformity; …xation; signalling JEL Classi…cation: C70; D03; D62; D64

The high-tech sector is concentrated in a small number of cities. ten largest clusters computer science, semiconductors, and biology account for 69 percent, 77 59 percent all US inventors, respectively. Using longitudinal data on 109,846 I find that geographical agglomeration results significant productivity gains. When an inventor moves to city with large cluster inventors the same field, she ...

Abstract This article compares the classic liability rules, negligence, and strict liability, under hypothesis that injurers victims formulate subjective beliefs about probabilities of harm. Parties may reasonably disagree in their assessment precautionary measures available: a measure regarded as safe by one party be not other. By relying on notions Pareto efficiency “No Betting” efficiency, s...

Traditional tools of welfare economics identify the envy-related welfare loss from conspicuous consumption only under very strong assumptions. Measured income and life satisfaction offers an alternative for estimating such consumption externalities. The approach is developed in the context of luxury car consumption (Ferraris and Porsches) in Switzerland. Results from household panel data and fi...