The Financing of a Public Utility
Santa Fe Institute - Economics
Yale University - School of Management; Yale University - Cowles Foundation
June 5, 2012
Cowles Foundation Discussion Paper No. 1863
The interaction of capital stock with overlapping generations is investigated where the time structures of human capital and other physical capital does not match. We consider the economies with either gold or fiat as the outside money and consider the financing problems that appear in the financing of capital stock. The complexity of the underlying physical structure combined with concern for efficiency and equity help to determine the financial structure.
Number of Pages in PDF File: 84
Keywords: Capital stock, Time scales, Fiat, Gold, Joint product
JEL Classification: C73, D24, E22, E41working papers series
Date posted: June 6, 2012
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