Conditional Pareto optimality of stationary equilibrium in a stochastic overlapping generations model

DOI10.1016/0022-0531(88)90106-8MaRDI QIDQ1823130zbMATH OpenOpenAlexFDO

Authors Yoshikiyo Sakai

Publication date 1988

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://purl.umn.edu/55488

zbMATH Keywords

finite state Markov processpure exchange overlapping generations modelstationary allocationstationary equilibrium allocation

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economic growth models (91B62)

Recommendations

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Cites work

• Informational diversity over time and optimality of monetary equilibria
• Optimality, the interaction of spot and futures markets, and the nonneutrality of money in the Lucas model
• Stationary Pareto optimality of stochastic asset equilibria with overlapping generations

Cited in

(17)

• A complete characterization of Pareto optimality for general OLG economies.
• Monetary equilibria and Knightian uncertainty
• Fiat money in a pairwise-trading, multi-good, overlapping generations model
• On optimality in intergenerational risk sharing
• Intrinsic bubbles and asset price volatility
• On the role of labor supply for the optimal size of social security
• Optimality in an OLG model with nonsmooth preferences
• On stationary overlapping generations models
• Optimality of Stationary Asset Equilibria Under A Stochastic Inflation Tax
• Stationary Pareto optimality of stochastic asset equilibria with overlapping generations
• The unit root property and optimality: A simple proof
• Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models
• Stochastic OLG models, market structure, and optimality
• scientific article; zbMATH DE number 4143738 (Why is no real title available?)
• Golden rule optimality in stochastic OLG economies
• Pareto optimality in continuous-time OLG economies
• Optimality in stochastic OLG models: theory for tests

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