Public Infrastructure, Congestion, and Fiscal Policy

A macro model is developed incorporating the productive effects of public expenditure, but also allowing for congestion. The Pigouvian tax rate to correct for the distortion caused by congestion is found and the optimal level of public expenditure is characterized.

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Year of publication:	2002-01
Authors:	Bennett, John ; Lawler, Phillip
Institutions:	Economics and Finance Section, School of Social Sciences, Brunel University

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Extent:	application/pdf
Series:	Economics and Finance Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	11 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005761375