In Germany the government spends substantial resources on the provision of infrastructure. Apart from firms, private households are very often the beneficiaries. This paper analyses the impact of the supply of household-related public infrastructure on the personal income distribution within a...

Using only information based on current directly-observable market behavior, the paper shows how to make rigorous dynamic welfare comparisons among economies or economic situations having arbitrarily-different endowments and technologies, but sharing a common dynamic preference ordering. The...