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Experiment for Positive Externalities

Experiment for Positive Externalities. Nao. Introduction. Experiments for Coase Theorem: Negative Externalities Existence of Controllers How about Positive Externalities? Positive Externalities: No Controller(s). Topics of Discussion. Joint Payoff Maximum?

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Experiment for Positive Externalities

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  1. Experiment for Positive Externalities Nao

  2. Introduction • Experiments for Coase Theorem: Negative Externalities • Existence of Controllers • How about Positive Externalities? • Positive Externalities: No Controller(s)

  3. Topics of Discussion • Joint Payoff Maximum? • Do both players get benefits from Positive Externalities? • How about with uncertainties?

  4. Topic One • Hoffman and Spitzer (1982): Joint Payoff Maximum under 1) Full information, 2) “Controller” 3)Two and Three-party bargaining • Positive Externalities: Each player has option to use their resources • How it relates to your audience

  5. Topic Two • Details about this topic • Supporting information and examples • How it relates to your audience

  6. Topic Three • Details about this topic • Supporting information and examples • How it relates to your audience

  7. Real Life • Give an example or real life anecdote • Sympathize with the audience’s situation if appropriate

  8. What This Means • Add a strong statement that summarizes how you feel or think about this topic • Summarize key points you want your audience to remember

  9. Next Steps • Summarize any actions required of your audience • Summarize any follow up action items required of you

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