Showing 1 - 10 of 16,048
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10001595502
Persistent link: https://www.econbiz.de/10013423456
Persistent link: https://www.econbiz.de/10001546367
Persistent link: https://www.econbiz.de/10011691077
This paper studies the effects of public infrastructure investment policies. A dynamic general equilibrium model where … the effective stock of public infrastructure is an input in production is used to analyze the consequences of changing the … share of GDP devoted to public investment. Infrastructure has sizable long-run effects on an economy's GDP. The model is …
Persistent link: https://www.econbiz.de/10014191948
Persistent link: https://www.econbiz.de/10012887155
Persistent link: https://www.econbiz.de/10013392200
Persistent link: https://www.econbiz.de/10001399807
Persistent link: https://www.econbiz.de/10001417456