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https://hdl.handle.net/2142/85635
Description
Title
Three Essays in Public Economics
Author(s)
Dix, Manfredo Alejandro
Issue Date
1998
Doctoral Committee Chair(s)
Conley, John P.
Department of Study
Economics
Discipline
Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Political Science, Public Administration
Language
eng
Abstract
The last essay is a survey and discussion about the core of an economy with production. With constant returns, equilibrium profits are zero and consequently the problem of profit distribution among members of a coalition does not arise. In the presence of decreasing returns to scale, however, profits are positive in general, and how to deal with them in the core is an unresolved issue. I discuss the flaws of current approaches and suggest several lines research on how to tackle the issues more effectively.
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