EconPapers    
Economics at your fingertips  
 

Financial Control of a Competitive Economy without Randomness

Ioannis Karatzas, Martin Shubik and William D. Sudderth
Additional contact information
Ioannis Karatzas: Columbia University
William D. Sudderth: University of Minnesota

No 1681, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

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 (search for similar items in EconPapers)
JEL-codes: D53 H23 H41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba and nep-pbe
Date: 2008-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Published in Journal of Public Economic Theory (August 2011), 13(4): 503-537

Downloads: (external link)
http://cowles.yale.edu/sites/default/files/files/pub/d16/d1681.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cwl:cwldpp:1681

Ordering information: This working paper can be ordered from
Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
The price is None.

Access Statistics for this paper

More papers in Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University Yale University, Box 208281, New Haven, CT 06520-8281 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Matthew Regan ().

 
Page updated 2019-11-09
Handle: RePEc:cwl:cwldpp:1681