Findlay, Ronald (contributor); … - 2003 - [Elektronische Ressource]
) + r K + S = A(L
g
)F(L
p
, K) (1.9)
so that the output of the economy (equal to that of the private sector since …-labor ratios that the individuals are endowed with.
A popular “political economy” decision-rule is the so-called
“median voter … private sectors of a competitive market economy. We show
that under reasonable assumptions the socially optimal government is …