Assessing Dynamic Efficiency: Theory and Evidence

From MaRDI portal
Publication:3811999

DOI10.2307/2297746zbMath0661.90019OpenAlexW3123720468WikidataQ56028852 ScholiaQ56028852MaRDI QIDQ3811999

N. Gregory Mankiw, Lawrence Summers, Andrew B. Abel, Richard J. Zeckhauser

Publication date: 1989

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297746



Related Items

Welfare-improving debt policy under monopolistic competition, SEARCH AND STOCHASTIC DYNAMICS IN THE OLD KEYNESIAN ECONOMICS: A RATIONALE FOR THE SHIMER PUZZLE, The transfer paradox in a one-sector overlapping generations model, Efficiency and optimality in stochastic models with production, A life cycle analysis of social security, Optimality in stochastic OLG models: theory for tests, Thomas Piketty and the rate of time preference, Social security as Markov equilibrium in OLG models: clarifications and some new insights, The fiscal theory of the price level in a world of low interest rates, Intrinsic bubbles and asset price volatility, Solving dynamic inefficiency with politically sustainable guest worker programs, Introduction to economic theory of bubbles, Safe asset shortages and asset price bubbles, A leverage-based model of speculative bubbles, Nonshiftable capital, affine price expectations and convergence to the golden rule., Endogenous market incompleteness without market frictions: dynamic suboptimality of competitive equilibrium in multiperiod overlapping generations economies, Bubbles and capital flows, Portfolio constraints, differences in beliefs and bubbles, Asset prices, debt constraints and inefficiency, Property rights and efficiency in OLG models with endogenous fertility, Dynamic efficiency of steady-state equilibria in an overlapping- generations model with productive capital, Characterizing efficiency in stochastic overlapping generations models, Efficiency in economic growth models under uncertainty, On equilibrium elasticities of substitution in simple overlapping generations economies with heterogeneous goods, Asset bubbles and borrowing constraints, Optimism, pessimism and financial bubbles, The Cass criterion, the net dividend criterion, and optimality, Can social security be welfare improving when there is demographic uncertainty?, Dynamic efficiency in the two-sector overlapping generations model, A mathematical model for dynamic efficiency using data envelopment analysis, Internalizing fertility and education externalities on capital returns, The Zilcha criteria for dynamic inefficiency reconsidered, Parental altruism, life expectancy and dynamically inefficient equilibria, Dynamic efficiency in overlapping generations models with stochastic production, Introduction to the symposium on bubbles, multiple equilibria, and economic activities