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Persistent link: https://www.econbiz.de/10000779926
"The qualitative dynamics of a discrete time version of a deterministic, continuous time, nonlinear macro model formulated by Haavelmo are fully characterized. Recently developed methods of symbolic dynamics and ergodic theory are shown to provide a simple, effective means of analyzing the...
Persistent link: https://www.econbiz.de/10000703028
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"In a recent article, J. A. Kay has proposed a useful measure of the deadweight loss arising from a commodity tax system. The measure answers the question, How much more would the taxed consumer be willing to pay in a lump sum rather than as a commodity tax? Kay's computation of the marginal...
Persistent link: https://www.econbiz.de/10000703094
"Some Revenue Sharing programs, including the Federal government's General Revenue Sharing program, reward higher tax effort with larger aid payments. A natural, game-theoretic generalization of the standard consumer demand based theory of grants-in-aid is used to examine the impacts such tax...
Persistent link: https://www.econbiz.de/10000703411
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"Time consistent optimal plans are defined within the context of a simple, discrete time optimal control framework. Three possible sources of inconsistency are identified and discussed with reference to the literature"--Federal Reserve Bank of Minneapolis web site
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"Silberberg [6] and Pauwels [2] have produced and clarified seminal results in the comparative statics of single-agent classical optimization problems. This paper extends Pauwels' method to derive analogous results for stable Nath equilibria in a subclass of the widely used class of concave...
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