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The Externality of Discounted Externalities [PDF]
Journal of Law and Political EconomyThis article addresses an unexplored problem in the externalities literature: the present value of future externalities. The problem arises because externalized costs and benefits occur in the future, and therefore should be discounted, yet discount rates used by corporate decision-makers are typically higher than the appropriate social discount rate ...
Greenfield, Kent, Partnoy, Frank
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Public Choice, 2023 AbstractNovel externalities are social activities for which the emerging cost (or benefit) of the spillover is unknown and must be discovered. Negative novel externalities have regained international salience following the COVID-19 pandemic. Such cases frequently are invoked as evidence of the limits of liberal political economy for dealing with public
Nick Cowen, Eric Schliesser
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Matching with Externalities [PDF]
Proceedings of the The Third Conference on Auctions, Market Mechanisms and Their Applications, 2014 AbstractWe incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes condition to markets with externalities, we establish that stable matchings exist when agent choices satisfy substitutability.
Pycia, Marek, Yenmez, M Bumin
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Generalized externality games [PDF]
, 2001 Externality games are studied in Grafe et al. (1998). We define a generalization of this class of games and show, using the methodology in Izquierdo and Rafels (1996 and 2001), some properties of the new class of generalized externality games.
Corcho, Paula, Ferreira, José Luis
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Externality-correcting taxes and regulation [PDF]
, 2009 Much of the literature on externalities has considered taxes and direct regulation as alternative policy instruments. Both instruments may in practice be imperfect, reflecting informational deficiencies and other limitations.
Christiansen, Vidar +5 more
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Buildings, 2023 The identification and depiction of the externality of urban facilities have always been a hot and challenging research issue in human geography and urban planning.
Baoyu Zhu +4 more
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The rise of tech giants in the fund sales industry: an example of how information and digital technology rebuild platform economy [PDF]
E3S Web of Conferences, 2021 Unlike its American counterpart, the Chinese financial industry has been challenged by tech giants through their digital platforms. As the entrance of the asset management industry, the fund sales industry is at the center of the revolution, with ...
Jiang Bowen
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Institutional Performance of Mining Reclamation in Forest Areas of East Kalimantan
Jurnal Manajemen Hutan Tropika, 2019 The Indonesian Government accommodates the development of mining sector conducted in forest area based on Forestry Law Number 41/1999 by the scheme of Forest Leasehold License.
Rina Kristanti +3 more
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Stochastic Systems, 2014 A supermarket game is considered with N FCFS queues with unit exponential service rate and global Poisson arrival rate N λ. Upon arrival each customer chooses a number of queues to be sampled uniformly at random and joins the least loaded sampled ...
Jiaming Xu, Bruce Hajek
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Towards a New Basel Accord with More Rigorous Settlements [PDF]
Theoretical and Applied Economics, 2010 The recent financial crisis made the banking sector more vulnerable to shocks. The system was characterised by weaknesses: too much leverage in the banking; not enough high quality capital to absorb losses and excessive credit growth based on ...
Petru PRUNEA, Daniela COSMA
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