Decentralised Provision of Quasi-Private Goods: The Case of Colombia

Number: 
203
Published: 
Classification JEL: 
D58, H42
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy

The following is proven here: let W : X × C −→ R, where X is convex, be a continuous and bounded function such that for each y ∈ C, the function W (·, y) : X −→ R is concave (resp. strongly concave; resp. Lipschitzian with constant M; resp. monotone; resp