Financial Control of a Competitive Economy without Randomness
32 Pages Posted: 30 Oct 2008
Date Written: October 29, 2008
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
JEL Classification: D53, H23, H41
Suggested Citation: Suggested Citation
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