Spelling suggestions: "subject:"ld5655.v856 1988.554"" "subject:"ld5655.v856 1988.1554""
1 |
A public durable good/bad theory in an overlapping generations economyKim, Jeong H. January 1988 (has links)
This research analyzes the long-lived public good/bad. The public good/bad is defined to ‘live long’ in the sense that the external effects of an action persist beyond the decision horizon of the actor. Thus, a very simple overlapping generations economy is modeled in which the agent lives for two periods while the public durable good/bad lasts indefinitely with deterioration/amelioration. Pareto optimality, the Lindahl equilibrium, and the theory of voluntary provision for this overlapping generations model are contrasted with those of the atemporal model. / Ph. D.
|
Page generated in 0.0416 seconds