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Keyword: externalities;

8 results found.

EEE Working Paper

The Origins and Control of Forest Fires in the Tropics

Clare Balboni, Robin Burgess and Benjamin Olken

Pigou (1920) pointed to "uncompensated damage done to surrounding woods by sparks from railway engines" as the canonical example of an environmental externality. We study a modern corollary - tropical forest fires used f...Read more...

19 March 2021

Theoretical Economics Paper

Peer Effects in Endogenous Networks

Timo Hiller and Timo Hiller

This paper presents a simple model of strategic network formation with local complementarities in effort levels and positive local externalities for a general class of payoff functions. Results are obtained for one-sided...Read more...

30 September 2013

Public Economics Programme Discussion Paper

Optimal Control of Externalities in the Presence of Income Taxation

Louis Kaplow

A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preex...Read more...

May 2010

Theoretical Economics Paper

Active Courts and Menu Contracts

Luca Anderlini, Leonardo Felli and Andrew Postlewaite

We describe and analyze a contractual environment that allows a role for an active court. The model we analyze is the same as in Anderlini, Felli, and Postlewaite (2006). An active court can improve on the outcome that t...Read more...

October 2006

Theoretical Economics Paper

SHOULD COURTS ALWAYS ENFORCE WHAT CONTRACTING PARTIES WRITE? This paper replaces TE/2003/464

Luca Anderlini, Leonardo Felli and Andrew Postlewaite

We find an economic rationale for the common sense answer to the question in our title — courts should not always enforce what the contracting parties write. We describe and analyze a contractual environment that allows ...Read more...

October 2006

Theoretical Economics Paper

Should Courts Always Enforce What Contracting Parties Write? This paper is replaced by TE/2006/510

Luca Anderlini, Leonardo Felli and Andrew Postlewaite

We find an economic rationale for the common-sense answer to the question in our title ¿ courts should not always enforce what the contracting parties write. We describe and analyse a contractual environment that allows ...Read more...

November 2003

Development Economics Paper

Valutation and Evaluation: Measuring the Quality of Life and Evaluating Policy

Partha Dasgupta

This paper is about measuring social well-being and evaluating policy. Part I is concerned with the links between the two, while Parts II and III, respectively, are devoted to the development of appropriate methods of me...Read more...

June 2000

Development Economics Paper

Financial Intermediation, Variability and the Development Process

Luis Carranza and Jose E. Galdon-Sanchez

In this paper we have built a model of financial intermediation that explains the GDP variability pattern of an economy during the development process. In our model, per capita is more volatile in the middle-income econo...Read more...

March 2000