Altruism and egoism of the social planner in a dynamic context
Publikation: Beiträge in Sammelwerken › Kapitel › begutachtet
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Altruism and egoism of the social planner in a dynamic context. / Ott, Ingrid.
Growth Theory and Growth Policy. Hrsg. / Harald Hagemann; Stephan Seiter. Routledge Taylor & Francis Group, 2003. S. 119-135.Publikation: Beiträge in Sammelwerken › Kapitel › begutachtet
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TY - CHAP
T1 - Altruism and egoism of the social planner in a dynamic context
AU - Ott, Ingrid
PY - 2003/3/6
Y1 - 2003/3/6
N2 - Introduction The models of endogenous growth theory investigate different determinants of ongoing growth. Externalities in the accumulation of the private inputs, but also productive public inputs are analysed. Because of market failure the decentrally obtained results are not efficient, and a social planner may cause welfare gains through intervention. This planner usually is equipped with perfect information and internalises the external effects arising from the accumulation of private capital (Romer 1986), technological knowledge (Grossman and Helpman 1991), (Aghion and Howitt 1992), human capital (Lucas 1988) or from the financing of a productive governmental input (see e.g. Barro 1990; Barro, Sala-i-Martin 1992, 1995; Turnovsky 2000).
AB - Introduction The models of endogenous growth theory investigate different determinants of ongoing growth. Externalities in the accumulation of the private inputs, but also productive public inputs are analysed. Because of market failure the decentrally obtained results are not efficient, and a social planner may cause welfare gains through intervention. This planner usually is equipped with perfect information and internalises the external effects arising from the accumulation of private capital (Romer 1986), technological knowledge (Grossman and Helpman 1991), (Aghion and Howitt 1992), human capital (Lucas 1988) or from the financing of a productive governmental input (see e.g. Barro 1990; Barro, Sala-i-Martin 1992, 1995; Turnovsky 2000).
KW - Economics
UR - http://www.scopus.com/inward/record.url?scp=84906454979&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/77b851ce-6044-33e2-bfff-5a3206a09552/
U2 - 10.4324/9780203422847
DO - 10.4324/9780203422847
M3 - Chapter
AN - SCOPUS:84906454979
SN - 0203422848
SN - 9780203422847
SN - 9780415260008
SN - 9781138810723
SP - 119
EP - 135
BT - Growth Theory and Growth Policy
A2 - Hagemann, Harald
A2 - Seiter, Stephan
PB - Routledge Taylor & Francis Group
ER -