Optimal steady-state in stationary consumption-loan type models

DOI10.1016/0022-0531(83)90082-0zbMath0521.90036MaRDI QIDQ1055332

Itzhak Zilcha, Masahiro Okuno

Publication date: 1983

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

Full work available at URL: https://doi.org/10.1016/0022-0531(83)90082-0

zbMATH Keywords

competitive equilibrium; existence proof; optimal steady state; stationary overlapping generations economy

Mathematics Subject Classification ID

91B62: Economic growth models

91B50: General equilibrium theory

Related Items

Optimality of Stationary Asset Equilibria Under A Stochastic Inflation Tax, Stationary Pareto optimality of stochastic asset equilibria with overlapping generations, Inactive transfer policies and efficiency in general overlapping- generations economies, On stationary 3-period overlapping generations models, Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models, Walras' law and nonoptimal equilibria in overlapping generations models, Existence of a Pareto-optimal equilibrium in nearly-stationary overlapping-generations economies

Cites Work

• Unnamed Item
• Existence of competitive equilibrium in a general overlapping-generations model
• The role of money in supporting the Pareto optimality of competitive equilibrium in consumption-loan type models
• On the Efficiency of a Competitive Equilibrium in Infinite Horizon Monetary Economies