Altruism and externalities

Andres Victorio

Applied Economics Letters, 2009, vol. 16, issue 15, 1529-1531

Abstract: The Coase theorem and the Rotten-Kid theorem are compared against each other in a simplified model of altruism and externalities. The efficiency predictions of the Coase theorem are found to be unaltered by the altruism, whereas those of the Rotten-Kid theorem are found to be applicable only to a more specialized type of social-welfare function.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:16:y:2009:i:15:p:1529-1531

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DOI: 10.1080/13504850701578868

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