✦ LIBER ✦

Competitive equilibrium and public investment plans

✍ Scribed by Gerhard Glomm; B. Ravikumar

Publisher: Elsevier Science
Year: 1999
Tongue: English
Weight: 159 KB
Volume: 23
Category: Article
ISSN: 0165-1889
DOI: 10.1016/s0165-1889(98)00061-x

No coin nor oath required. For personal study only.

✦ Synopsis

We examine a one-sector growth model in which public capital is an external input to private production functions. Revenues from taxing capital and labor income are used to fund public investments. The competitive equilibrium can be obtained by solving an arti"cial planning problem. We prove that there exists a unique competitive equilibrium which can be characterized by Euler equations and a transversality condition. We then establish the existence of an optimal public investment plan.

📜 SIMILAR VOLUMES

Public policy Competitive Intelligence

✍ Craig S. Fleisher 📂 Article 📅 1999 🏛 John Wiley and Sons ⚖ 339 KB

The need to strategically manage public policy developments affecting business requires a broadened role for competitive intelligence. Public policy competitive intelligence (PPCI) can provide early warning of threats and opportunities that affect company strategy and allow decision makers to take a

Competition and the plan

✍ F. Khalmanov 📂 Article 📅 1976 🏛 Springer US 🌐 English ⚖ 230 KB

Imperfect competition and decentralized

Imperfect competition and decentralized planning

✍ Peter Wiles 📂 Article 📅 1964 🏛 Springer US 🌐 English ⚖ 760 KB

This article contrasts two myths: perfect competition throughout a whole economy x and "perfect computation"-a computation so detailed and quick that it would achieve the same allocation of resources. It maintains that the former is in some respects as centralized as the latter, and that decentraliz

Temporary competitive equilibrium in a m

Temporary competitive equilibrium in a monetary economy with uncertain technology and many planning periods

✍ V.K. Chetty; D. Dasgupta 📂 Article 📅 1978 🏛 Elsevier Science 🌐 English ⚖ 975 KB

Inflationary financing of public investm

Inflationary financing of public investment and economic growth

✍ Pedro Cavalcanti Ferreira 📂 Article 📅 1999 🏛 Elsevier Science 🌐 English ⚖ 189 KB

A theoretical model is constructed in order to explain particular historical experiences in which inflation acceleration apparently helped to spur a period of economic growth. Government financed expenditures affect positively the productivity growth in this model so that the distortionary effect of

Pressure groups and public investment de

Pressure groups and public investment decisions: A note

✍ David L. Shapiro 📂 Article 📅 1971 🏛 Springer US 🌐 English ⚖ 284 KB