Many economic models are constructed on the basis of an equity-efficiency trade-off, assuming that equality comes at the cost of efficiency. This column argues that inequality is better understood as ...

Externality theory provides an important economic perspective for understanding corporate social responsibility (CSR) decision-making. This study explores the application of externality theory in CSR ...

“Happy families are all alike,” goes the Leo Tolstoy quote from the Russian classic Anna Karenina, “but every unhappy family is unhappy in its own way.” The same can be said about government-focused ...

We study the introduction of a price floor for alcohol that is aimed at correcting for negative consumption externalities. Policy effectiveness depends on whether the measure achieves large reductions ...

IF YOUR friends and family get fat, chances are you will too, researchers report in a startling new study that suggests obesity is ‘socially contagious’ and can spread easily from person to person. Is ...

ABSTRACT: The development and exploration mode of coal resource activities in China result in tremendous waste of resources and ecological environment pollution problems. This article analyzed the use ...

Abstract: Serious roadside pollution in congested urban areas is an ongoing problem in many densely populated cities. While the current control measures on traffic pollution have reduced particulate ...