Schindler, Dirk (contributor); Weigert, Benjamin (contributor) - 2007
representative steady-
state generation. Consequently, the government faces a trade-off between efficient
financing of public … have used the Envelope results of (16) – (18).
11
Financing public expenditure partly by income contingent loans creates … in education E as well as the financing scheme fB, t and T.
12
Formally, the problem can be written as:
max
{E,fB,t,T}
E …