Showing 1 - 10 of 9,456
environmental externalities such as pollution. We argue that consumer contracts generate externalities by overwhelming consumers …
Persistent link: https://www.econbiz.de/10013307217
We investigate the causal impact of public discourse on socially responsible market behavior. We conduct laboratory market experiments with products that differ in their production costs and social impact, and provide market actors and impacted third parties with the opportunity to discuss...
Persistent link: https://www.econbiz.de/10012263682
We investigate the causal impact of public discourse on socially responsible market behavior. We conduct laboratory market experiments with products that differ in their production costs and social impact, and provide market actors and impacted third parties with the opportunity to discuss...
Persistent link: https://www.econbiz.de/10012271770
We study the effects of network externalities on a unique matching protocol for faculty in a large U.S. professional … demonstrate and quantify the effects of network externalities on choices and outcomes. Furthermore, we disentangle the different … perspective. Our study suggests the importance and feasibility of accounting for network externalities in general assignment …
Persistent link: https://www.econbiz.de/10010908266
Institutions that form to reduce moral hazard often eliminate discretion and pool the actions of heterogeneous agents. An unintended consequence of this pooling is that agents' types cannot be determined by their actions. While in the short run such mechanisms may be optimal, in the long run...
Persistent link: https://www.econbiz.de/10008622307
Solar geoengineering has received increasing attention as an option to temporarily stabilize global temperatures. A key concern surrounding these technologies is that heterogeneous preferences over the optimal amount of cooling combined with low deployment costs may allow the country with the...
Persistent link: https://www.econbiz.de/10011884418
Do externalities work and matter differently in a world of scarcity versus a world of abundance? In this article (the … first of two pieces), we critically examine the economic phenomena of externalities. First, we define the basic concept and … explain why it is fundamental to economic analysis of social systems. As a conceptual tool, externalities enable one to …
Persistent link: https://www.econbiz.de/10014244147
This paper considers and assesses the concept of social externalities through humaninterdependence, in relation to the … economic analysis of externalities in the tradition of Pigou andArrow, including the analysis of the commons. It argues that … list of possible internalizing mechanisms for externalities underthis broader framework, which includes: pricing and …
Persistent link: https://www.econbiz.de/10013211226
Spam, or unsolicited email advertising, has been the scourge of email inboxes for nearly twenty years. Spam attempts to generate attention for a merchant’s products or services, but unlike most forms of advertising, spam does not provide users with valuable entertainment or other services in...
Persistent link: https://www.econbiz.de/10014169515
Ronald Coase pioneered the transaction cost approach to the modern analysis of institutions, contracts, and property rights. We argue that core theory enhances Coase’s transaction cost approach by injecting considerations of coalition formation and stability into the analysis. Analysis of...
Persistent link: https://www.econbiz.de/10014255126