Abstract
In the framework of a neo-classical model taking into account consumption as well as saving and investment of workers, capitalists, and the state optimal strategies for the workers are determined. As workers’ control variables we consider workers’ share and the tax rates and derive, under quite general assumptions, the corresponding optimality conditions. By imposing some more condition, explicit solutions for workers’ optimal controls and states are calculated and interpreted.
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© 1993 Springer-Verlag Berlin · Heidelberg
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Buhl, H.U. (1993). Workers’ Optimal Shares and Tax Rates in a Neo-Classical Model of Distribution and Wealth. In: Diewert, W.E., Spremann, K., Stehling, F. (eds) Mathematical Modelling in Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-78508-5_9
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DOI: https://doi.org/10.1007/978-3-642-78508-5_9
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