Abstract
The analysis in the latter part of this monograph employed a number of simplifying assumptions, which I now wish to discuss.
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Notes
- 1.
See, for instance, the list made by Dagum (1999, pp. 116–118).
- 2.
Those goods that can be simultaneously consumed by all individuals. For an interesting paper on fiscal policies when consumer utility depends on private and public goods, see for instance Cellini and Lambertini (2007).
- 3.
Unpolluted environment!
References
Cellini R, Lambertini L (2007) Time consistent fiscal policies in a Ramsey economy. Math Soc Sci 53:296–313
Dagum C (1999) Linking the functional and personal distributions of income. In: Silber J (ed) Handbook of income inequality measurement. Kluwer Academic, Boston, pp 101–128
Gersbach H, Kleinschmidt T (2009) Power to youth: Designing democracy for long-term well-being. Math Soc Sci 58:158–172
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Nicola, P. (2013). Final Remarks. In: Efficiency and Equity in Welfare Economics. Lecture Notes in Economics and Mathematical Systems, vol 661. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-30071-4_10
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DOI: https://doi.org/10.1007/978-3-642-30071-4_10
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