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      <record key="001" att1="001" value="LIB910113601" att2="LIB910113601">001   LIB910113601</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-47.pdf</field>
      <field key="079" subkey="z">Fisher, Walter H. - et al., Congestion and Public Capital (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/47.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 47 (RePEc)</field>
      <field key="100" subkey="">Fisher, Walter H.</field>
      <field key="103" subkey="">Department of Economics, Institute for Advanced Studies, Vienna</field>
      <field key="104" subkey="a">Turnovsky, Stephen J.</field>
      <field key="107" subkey="">Department of Economics, University of Washington, Seattle WA</field>
      <field key="331" subkey="">Congestion and Public Capital</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">1997, July</field>
      <field key="433" subkey="">24 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 47</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Fisher, Walter H. (Ed.) ; Riedl, Arno (Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="544" subkey="">IHSES 47</field>
      <field key="700" subkey="">E62</field>
      <field key="700" subkey="">H41</field>
      <field key="720" subkey="">Congestion</field>
      <field key="720" subkey="">Public Capital</field>
      <field key="753" subkey="">Abstract: This paper analyzes the impact of public investment on the dynamics of private capital formation in an intertemporal</field>
      <field key="opt" subkey="i">mizing market-clearing framework. The key feature characterizing the analysis is that the public good is treated as a durable</field>
      <field key="cap" subkey="i">tal good, subject to congestion. We show how in the presence of congestion the effect of government investment on private</field>
      <field key="cap" subkey="i">tal formation involves a tradeoff between the degree of substitution between private and public capital in production and the</field>
      <field key="deg" subkey="r">ee of congestion. Both lump-sum and distortionary tax financing are considered, with this tradeoff being tightened in the</field>
      <field key="lat" subkey="t">er case.;</field>
    </SEQUENTIAL>
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