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Welfare, Incentives, and Taxation$
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James Mirrlees

Print publication date: 2006

Print ISBN-13: 9780198295211

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198295211.001.0001

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Agreeable Plans

Agreeable Plans

(p.458) 19 Agreeable Plans
Welfare, Incentives, and Taxation

James A. Mirrlees

Peter J. Hammond

Oxford University Press

This chapter discusses the non-existence of optimum growth, the maximal locally optimal path, and the existence of agreeable plans. It is determined that agreeable plans exist in all cases where any kind of solution to the ‘infinite time horizon’ optimum growth problem can occur.

Keywords:   optimum growth, optimal path, agreeable plans, time horizon

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