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Optimization in non-standard problems. An application to the provision of public inputs

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Author Info
A. Jesus Sanchez Fuentes () (Department of Economics, Universidad Pablo de Olavide)
Diego Martinez Lopez () (Department of Economics, Universidad Pablo de Olavide)

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Abstract

This paper describes a new method for solving non-standard constrained optimization problems for which standard methodologies do not work properly. Our method (the Rational Iterative Multisection -RIM- algorithm) consists of different stages that can be interpreted as different requirements of precision by obtaining the optimal solution. We have performed an application of RIM method to the case of public inputs provision. We prove that the RIM approach and comparable standard methodologies achieve the same results with regular optimization problems while the RIM algorithm takes advantage over them when facing non-standard optimization problems.

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File URL: http://www.upo.es/serv/bib/wps/econ0807.pdf
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File Function: First version, 2008
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Publisher Info
Paper provided by Universidad Pablo de Olavide, Departamento de Economía in its series Working Papers with number 08.07.

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Length: 31 pages
Date of creation: Mar 2008
Date of revision:
Handle: RePEc:pab:wpaper:08.07

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Related research
Keywords: direct search constrained optimization multisection optimal taxation public input.

Other versions of this item:

Find related papers by JEL classification:
C6 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming
H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. James P. Feehan & Mutsumi Matsumoto, 2000. "Productivity-enhancing public investment and benefit taxation: the case of factor-augmenting public inputs," Canadian Journal of Economics, Canadian Economics Association, vol. 33(1), pages 114-121, February. [Downloadable!] (restricted)
  2. Atkinson, Anthony B & Stern, N H, 1974. "Pigou, Taxation and Public Goods," Review of Economic Studies, Blackwell Publishing, vol. 41(1), pages 119-28, January. [Downloadable!] (restricted)
  3. Ming Chang, 2000. "Rules and Levels in the Provision of Public Goods: The Role of Complementarities between the public Good and Taxed Commodities," International Tax and Public Finance, Springer, vol. 7(1), pages 83-91, February. [Downloadable!] (restricted)
  4. Wilson, John Douglas, 1991. "Optimal Public Good Provision with Limited Lump-Sum Taxation," American Economic Review, American Economic Association, vol. 81(1), pages 153-66, March. [Downloadable!] (restricted)
  5. Gaube, Thomas, 2000. "When do distortionary taxes reduce the optimal supply of public goods?," Journal of Public Economics, Elsevier, vol. 76(2), pages 151-180, May. [Downloadable!] (restricted)
  6. Diego Martinez Lopez & A. Jesus Sanchez Fuentes, 2006. "On the optimal level of public inputs," Working Papers 06.34, Universidad Pablo de Olavide, Departamento de Economía, revised Mar 2008. [Downloadable!]
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