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Showing 1 to 1 of 1 for “"Equilibrium stability and efficiency"”.
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Internalizing externalities: Roles of networks, clubs and policy commitments
… from actions of one player in the economy and directly affecting the well-being of another are ubiquitous. In these situations, market equilibria often fail to be efficient. This dissertation explores the roles of networks, clubs and policy commitments in the internalization of …