Abstract

  


 



The Financing of a Public Utility


Eric Smith


Santa Fe Institute - Economics

Martin Shubik


Yale University - School of Management; Yale University - Cowles Foundation
June 5, 2012

Cowles Foundation Discussion Paper No. 1863

Abstract:     
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, E41

working papers series


Download This Paper

Date posted: June 6, 2012  

Suggested Citation

Smith, Eric Eric and Shubik, Martin, The Financing of a Public Utility (June 5, 2012). Cowles Foundation Discussion Paper No. 1863. Available at SSRN: http://ssrn.com/abstract=2078175 or http://dx.doi.org/10.2139/ssrn.2078175

Contact Information

David Eric Smith
Santa Fe Institute - Economics ( email )
1399 Hyde Park Rd
Santa Fe, NM 87501
United States
Martin Shubik (Contact Author)
Yale University - School of Management ( email )
Box 208200
New Haven, CT 06520-8200
United States
Yale University - Cowles Foundation ( email )
Box 208281
New Haven, CT 06520-8281
United States
203-432-3694 (Phone)
203-432-6167 (Fax)
HOME PAGE: http://cowles.econ.yale.edu/P/au/d_shubik.htm
Feedback to SSRN (Beta)


Paper statistics
Abstract Views: 232
Downloads: 32

© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright
This page was processed by apollo3 in 0.344 seconds