Three Essays in Public Economics
type: CreativeWork
description: 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.
abstract: 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.
author: Dix, Manfredo Alejandro
language: eng
keywords: Political Science, Public Administration
date published: 2015-09-25T22:47:42Z
date modified: 2026-07-22T22:26:25Z
provider: University of Illinois - Urbana-Champaign
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Illinois at Urbana-Champaign

PropertyValue
property ID: Handle
value: http://hdl.handle.net/2142/85635