CFDP 1681
Financial Control of a Competitive Economy without Randomness
Author(s):Publication Date: September 2008
Pages: 31
Abstract:
The monetary and fiscal control of a simple economy without outside randomness is studied here from the micro-economic basis of a strategic market game. The government’s bureaucracy is treated as a public good that provides services at a cost. A conventional public good is also considered.
Keywords:
Dynamic programming, Public goods, Bureaucracy, Taxation
JEL Classification Codes: D53, H23, H41
See CFP: 1467
Note:
Published in Journal of Public Economic Theory (August 2011), 13(4): 503-537