Optimal Growth with Many Consumers
Article Abstract:
Pareto optimal allocations for a dynamic economy with heterogeneous consumers is derived. Both technology and preferences are recursive under perfect certainty. Sufficient conditions are provided for economics with both one and two consumption goods.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1984
Growth
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1984
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Bunching and Second-Order Conditions: A Note on Optimal Tax Theory
Article Abstract:
A simple non-linear tax model is developed in which agents are indexed in a one-dimensional parameter. A solution cannot always be obtained. Situations may arise wherein second-order conditions must be considered.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1983
Taxation
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1983
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Subjects list: Industrial efficiency, Economic efficiency
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