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Total Satiation and Competitive Equilibrium

โœ Scribed by R. E. KOHN


Book ID
114936743
Publisher
John Wiley and Sons
Year
1984
Tongue
English
Weight
60 KB
Volume
52
Category
Article
ISSN
0038-2280

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Competitive equilibrium and public inves
โœ Gerhard Glomm; B. Ravikumar ๐Ÿ“‚ Article ๐Ÿ“… 1999 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 159 KB

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 th