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Public production and shadow pricing in a model of disequilibrium in labour and capital markets


  • Marchand, Maurice
  • Mintz, Jack
  • Pestieau, Pierre


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  • Marchand, Maurice & Mintz, Jack & Pestieau, Pierre, 1985. "Public production and shadow pricing in a model of disequilibrium in labour and capital markets," Journal of Economic Theory, Elsevier, vol. 36(2), pages 237-256, August.
  • Handle: RePEc:eee:jetheo:v:36:y:1985:i:2:p:237-256

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    References listed on IDEAS

    1. Brock, William A. & Scheinkman, JoseA., 1976. "Global asymptotic stability of optimal control systems with applications to the theory of economic growth," Journal of Economic Theory, Elsevier, vol. 12(1), pages 164-190, February.
    2. Cass, David & Shell, Karl, 1976. "The structure and stability of competitive dynamical systems," Journal of Economic Theory, Elsevier, vol. 12(1), pages 31-70, February.
    3. David Cass, 1964. "Optimum Economic Growth in an Aggregative Model of Capital Accumulation: A Turnpike Theorem," Cowles Foundation Discussion Papers 178, Cowles Foundation for Research in Economics, Yale University.
    4. Lionel W. McKenzie, 2012. "turnpike theory," The New Palgrave Dictionary of Economics, Palgrave Macmillan.
    5. Fershtman, Chaim & Muller, Eitan, 1984. "Capital accumulation games of infinite duration," Journal of Economic Theory, Elsevier, vol. 33(2), pages 322-339, August.
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    Cited by:

    1. Marchand, Maurice & Pestieau, Pierre, 1990. "Shadow prices for public production in an open economy with disequilibrium," Journal of Development Economics, Elsevier, vol. 32(1), pages 1-15, January.
    2. Sah, Raaj Kumar & Stiglitz, Joseph E., 1985. "The social cost of labor and project evaluation: A general approach," Journal of Public Economics, Elsevier, vol. 28(2), pages 135-163, November.
    3. Marchand, Maurice & Pestieau, Pierre, 1987. "Public production and employment policies in a two-region economy with unemployment," Regional Science and Urban Economics, Elsevier, vol. 17(3), pages 345-355, August.
    4. De Borger, Bruno, 1995. "The behavior of public enterprises offering a quasi-public good," European Journal of Political Economy, Elsevier, vol. 11(2), pages 265-290, June.

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