Pintea, Mihaela - Society for Computational Economics - SCE - 2004
agent derives from it is subject to congestion. I develop a two-sector “non-scale†production model in which there are …-sector production set-up I assume that the positive externality of the public capital is associated with two types of congestion … sensitive to this aspect. The introduction of congestion decreases the steady state growth rate of the economy. The relative …