internalizing these externalities and takes many forms. We distinguish three broad types of intervention strategies, (i) voluntary …

In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from …

externalities via the interest rate. Conditional on differences in the processes determining household earnings for distinct groups … in the population, these savings externalities may contribute to inequality. Working with an open economy heterogenous … earnings processes of British households with university and non-university educated heads entail savings externalities that …

To better understand the quantitative implications of human capital externalities at the aggregate level, we estimate a … distributions. Using U.S. quarterly data from 1964-2017, we find significant positive externalities to aggregate human capital. Our …

if intra-group negative externalities are sufficiently (but not too) strong with respect to positive inter …-group externalities …

We present a theory linking political and social trust to explain trust erosion in modern societies. Individuals …