Public capital and imperfect competition

被引：10
|
作者：
Coto-Martínez, J [1 ]
机构：
[1] City Univ London, Sch Social Sci, Dept Econ, London EC1V 0HB, England
来源：
JOURNAL OF PUBLIC ECONOMICS | 2006年 / 90卷 / 1-2期
关键词：
fiscal policy; public capital; imperfect competition;
D O I：
10.1016/j.jpubeco.2004.10.004
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper we consider a macroeconomic model in which public capital is a productive input and there is monopolistic competition in the product market. We analyze the effects of a permanent variation in public capital investment both in the short and in the long run. Finally, we show that the optimal provision of public capital under imperfect competition is higher than that associated with the first-best policy. (c) 2004 Elsevier B.V. All rights reserved.
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页码：349 / 378
页数：30
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