Sen’s libertarian paradox is ascribed to the inevitable conflict between the Pareto criterion and individuals’ rights to create negative externalities. Finite coalitions can effect exchanges of rights through Coaseian bargains in order to resolve inefficiencies due to local externalities. With a continuum of agents, however, finite coalitions are powerless to affect widespread externalities, ex...

Existence of ex post incentive compatible mechanisms in models with multi-dimensional signals and interdependent values is possible when there are no consumption externalities. An ex post incentive compatible mechanism is constructed in a model where a single indivisible object is allocated among several buyers with multi-dimensional information and interdependent values. It is the combination ...

Low-level and unstable transgene expression are common issues using the CHO cell expression system. Matrix attachment regions (MARs) enhance transgene expression levels, but additional research is needed to improve their function and to determine their mechanism of action. MAR-6 from CHO chromosomes actively mediates high and consistent gene expression. In this study, we compared the effects of...

Abstract We incorporate externalities into the stable matching theory of two-sided markets. Extending classical substitutes condition to markets with externalities, we establish that matchings exist when agent choices satisfy substitutability. show substitutability is a necessary for existence in maximal-domain sense and provide characterization substitutable choice functions. In addition, exte...

The rise of social media technology has led to new customer relationship management tools that engage customers more easily and directly (social customer relationship management, SCRM). However, the usefulness of SCRM is contingent upon a successful adoption by an organization. Various technology adoption theoretical frameworks have been proposed for social media technologies generally, and for...

Negative and positive externalities pose symmetrical problems to social welfare. The law internalizes negative externalities by providing general tort liability rules. According to such rules, those who cause harm to others should pay compensation. In theory, in the presence of positive externalities, negative liability should apply: those who produce benefits should be paid a compensatory awar...