The hard life of the social planner

Valente, Simone (2013) The hard life of the social planner. Economic Inquiry, 51 (3). pp. 1903-1912. ISSN 0095-2583

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Where the social planner, threatened by final producers and walled-in by innovators, releases the representative consumer from the pillory, hires two anonymous referees, and convinces the Economics Minister that final firms' purchases of monopolistically produced intermediate inputs should be taxed, not subsidized, as long as output growth does not exhibit scale effects. This normative prescription hinges on an often neglected reallocation mechanism generated by the linear accumulation laws that eliminate scale effects in most endogenous growth models. (JEL O41, O31)

Item Type: Article
Faculty \ School: Faculty of Social Sciences > School of Economics
UEA Research Groups: Faculty of Social Sciences > Research Groups > Environment, Resources and Conflict
Faculty of Social Sciences > Research Groups > Economic Theory
Depositing User: Pure Connector
Date Deposited: 24 Sep 2016 00:57
Last Modified: 07 Mar 2024 02:04
DOI: 10.1111/j.1465-7295.2012.00511.x

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