Optimality in stochastic OLG models: theory for tests

DOI10.1016/J.JET.2005.03.004zbMATH Open1142.91651OpenAlexW2061520641MaRDI QIDQ860359FDOQ860359

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

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

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)

Cites Work

• The overlapping-generations model. I: The case of pure exchange without money
• Assessing Dynamic Efficiency: Theory and Evidence
• Rational Asset Pricing Bubbles
• Title not available (Why is that?)
• Asset Bubbles and Overlapping Generations
• Asset Prices in an Exchange Economy
• 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
• Stochastic OLG models, market structure, and optimality
• Equilibrium in dynamic models with an infinity of agents
• Title not available (Why is that?)
• The Cass criterion, the net dividend criterion, and optimality

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
• Optimality in an OLG model with nonsmooth preferences
• Conditional Pareto optimality of stationary equilibrium in a stochastic overlapping generations model
• 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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