Erschienen in:Cowles Foundation Discussion Paper ; No. 1863
Umfang:
1 Online-Ressource (84 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.2078175
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 5, 2012 erstellt
Beschreibung:
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