Optimality in stochastic OLG models: theory for tests

DOI10.1016/J.JET.2005.03.004MaRDI QIDQ860359zbMATH OpenOpenAlexFDO

Authors Subir Chattopadhyay

Publication date 9 January 2007

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

Full work available at URL https://doi.org/10.1016/j.jet.2005.03.004

zbMATH Keywords

empirical testsasset marketsoptimality characterizationstochastic overlapping generations models

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54) Economic growth models (91B62) Stochastic models in economics (91B70)

Recommendations

• Stochastic OLG models, market structure, and optimality
• Conditional Pareto optimality of stationary equilibrium in a stochastic overlapping generations model
• On optimality in intergenerational risk sharing
• A complete characterization of Pareto optimality for general OLG economies.
• Optimality of Stationary Asset Equilibria Under A Stochastic Inflation Tax

Cites work

• scientific article; zbMATH DE number 1154014 (Why is no real title available?)
• scientific article; zbMATH DE number 3307201 (Why is no real title available?)
• Assessing Dynamic Efficiency: Theory and Evidence
• Asset Bubbles and Overlapping Generations
• Asset Prices in an Exchange Economy
• Equilibrium in dynamic models with an infinity of agents
• On optimality in intergenerational risk sharing
• On the Efficiency of a Competitive Equilibrium in Infinite Horizon Monetary Economies
• Optimality, the interaction of spot and futures markets, and the nonneutrality of money in the Lucas model
• Rational Asset Pricing Bubbles
• Stochastic OLG models, market structure, and optimality
• The Cass criterion, the net dividend criterion, and optimality
• The overlapping-generations model. I: The case of pure exchange without money

Cited in

(13)

• Optimal term structure in a monetary economy with incomplete markets
• Debt, deficits and finite horizons: the stochastic case
• Dividend paying assets, the unit root property, and suboptimality
• Golden rule optimality in stochastic OLG economies
• Conditional Pareto optimality of stationary equilibrium in a stochastic overlapping generations model
• Optimality in an OLG model with nonsmooth preferences
• The unit root property and optimality: A simple proof
• The unit root property and optimality with a continuum of states -- pure exchange
• The Cass criterion, the net dividend criterion, and optimality
• On the interaction between risk sharing and capital accumulation in a stochastic OLG model with production
• The Pareto-optima of finite-horizon OLG models
• A complete characterization of Pareto optimality for general OLG economies.
• On optimality in intergenerational risk sharing

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