externalities. In the context of the partition function, it is shown that any member of this class of sharing schemes leads to the … sharing scheme is particularly powerful for economic problems that are characterized by positive externalities from coalition …

of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt … theory of games II. Princeton University Press, Princeton, pp 307317, 1953) to characterize our value. In addition, we … average approach provided by Macho-Stadler et al. (J Econ Theory 135:339-356, 2007). …

A pay-as-you-go pension scheme is associated with positive externalities of having children and providing them with …

individual preferences and enjoy positive leisure-dependent externalities. For instance, a global sociological change where the …

externalities appear along the lifecycle. In a simple model, we show that it may be efficient to subsidize innovative firms in their … early stages or to protect mature firms from competition to appropriate these externalities. However, non …-benevolent politicians may not choose efficient policies. Real-world examples indicate that politicians tend to concentrate on externalities …

This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model …

. We identify an important asymmetry between positive and negative externalities and show that centralization may not be … efficient in economies with positive externalities even when regions are identical and centralization does not entail a loss of … accountability. We also show that decentralization can only Pareto dominate centralization in economies with negative externalities. …