We consider an environment in which there is substantial uncertainty about the potential negative external effects of …

externalities for HCV-negative patients during this period …

Standard approaches to environmental and natural resource use externalities generally focus on single-sector resources … sectors. Cross-sectoral externalities are generated and impede attainment of conservation objectives. The multiplicity of … institutional analysis following Oliver Williamson's four-levels of institutions (social embeddedness, institutional environment …

I consider the effect of empathy towards others on the internalization of interpersonal externalities and on private …

production, congestion, and amenities externalities. We study the optimal policy toward foreign residents in a model with key … involves implementing transfers to internalize agglomeration, congestion, and other potential externalities. Importantly, we …

commit to contracts, virus externalities are local, and competitive equilibria are efficient. The Second Welfare Theorem also … their infection status. If society cannot control virus exposure, then virus externalities are global and competitive … externalities and result in inefficiently high economic activity. If agents cannot commit, competitive equilibria are inefficient …

The extent of voluntary cooperation in the presence of externalities is shown as an equilibrium outcome in the supply … character of the costs resulting from externalities. The paper discusses applications including forest management, volume …