CFDP 1681

Financial Control of a Competitive Economy without Randomness

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