This paper characterizes the optimal taxation of top earners in a world with externalities. It takes a reduced-form approach that spans a broad class of models where top earners create externalities ...

Most economic externalities can be efficiently solved through a system of private property rights, in which costs and benefits can be negotiated.

My last column celebrated the bicentennial of the Erie Canal. This one goes deeper into the ways government action can create prosperity for all of us. This flies in the face of being fed a constant ...

To what extent does the digital world create a culture in which responsibility is denied or avoided, and what are the consequences of this failure to take ownership of a problem? Taking responsibility ...

Log-in to bookmark & organize content - it's free! Senator Sheldon Whitehouse (D-RI) addresses negative externalities with U.S. Trade Representative Jamieson Greer. Senator Sheldon Whitehouse (D-RI) ...

Improved self-esteem and motivation. Positive discipline encourages children through clear expectations combined with emotional support, fostering intrinsic motivation—so children act responsibly ...

The urgency to address corporate externalities—environmental, social, and health-related spill‑over costs—is intensifying. Hidden costs from pollution, resource depletion, and poor labor practices ...

Abstract: We study a strategic model of marketing in social networks in which two firms compete for the spread of their products. Firms initially determine the production cost of their product, which ...

1 School of Journalism, Communication University of China, Beijing, China 2 School of Mathematics and Statistics, Hunan University of Technology and Business, Changsha, China Background: A strong ...

There are many ways of classifying bacteria. One method is based on the cell membrane. In 1884, a bacteriologist named Christian Gram created a test that could determine if a bacterium had a thick, ...