A public durable good/bad theory in an overlapping generations economy

This research analyzes the long-lived public good/bad. The public good/bad is defined to ‘live long’ in the sense that the external effects of an action persist beyond the decision horizon of the actor. Thus, a very simple overlapping generations economy is modeled in which the agent lives for two periods while the public durable good/bad lasts indefinitely with deterioration/amelioration. Pareto optimality, the Lindahl equilibrium, and the theory of voluntary provision for this overlapping generations model are contrasted with those of the atemporal model.

Name thesis:degree_name

Ph. D.

Level thesis:degree_level

doctoral

Discipline thesis:degree_discipline

Economics

Department dc:contributor.department

Economics

Grantor dc:publisher

Virginia Polytechnic Institute and State University

Year dc:date.issued

1988

Author dc:creator

• Kim, Jeong H.

Chair dc:contributor.committeechair

• Moulin, Hervé

Committee members dc:contributor.committeemember

• Cremer, Jacques
• Gahvari, Firouz
• Kaneko, Mamoru
• Steinberg, Richard S.

Statement dc:rights

• In Copyright

Licence dc:rights.uri

• http://rightsstatements.org/vocab/InC/1.0/

Language dc:language.iso

en_US

Handle dc:identifier.uri

http://hdl.handle.net/10919/53549

OAI identifier oai:identifier

oai:vtechworks.lib.vt.edu:10919/53549