Three Essays in Public Economics

The last essay is a survey and discussion about the core of an economy with production. With constant returns, equilibrium profits are zero and consequently the problem of profit distribution among members of a coalition does not arise. In the presence of decreasing returns to scale, however, profits are positive in general, and how to deal with them in the core is an unresolved issue. I discuss the flaws of current approaches and suggest several lines research on how to tackle the issues more effectively.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2015

Author dc:creator

• Dix, Manfredo Alejandro

Contributors dc:contributor

• Conley, John P.

• Political Science, Public Administration

Language dc:language

eng

Identifier

(MiAaPQ)AAI9912220

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/85635