A characterization of inefficiency in stochastic overlapping generations economies

DOI10.1016/J.JET.2008.01.002MaRDI QIDQ960269zbMATH OpenOpenAlexFDO

Authors Gaetano Bloise, Filippo L. Calciano

Publication date 16 December 2008

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

Full work available at URL http://hdl.handle.net/2078.1/5902

zbMATH Keywords

inefficiencyincomplete marketssocial securitycompetitive pricesCass criterionstochastic overlapping generations economies

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Special types of economic markets (including Cournot, Bertrand) (91B54)

Recommendations

• Efficiency and prices in economies of overlapping generations
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Cites work

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Cited in

(12)

• Inefficiency in alternately repeated games with overlapping generations
• Efficient Ramsey equilibria
• Local indeterminacy under dynamic efficiency in a two-sector overlapping generations economy
• Dynamic efficiency in overlapping generations models with stochastic production
• Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models
• scientific article; zbMATH DE number 2209543 (Why is no real title available?)
• Optimality in an OLG model with nonsmooth preferences
• Asset prices, debt constraints and inefficiency
• The unit root property and optimality with a continuum of states -- pure exchange
• Demonstrating inefficiency in overlapping generations models
• Efficiency and prices in economies of overlapping generations
• Characterizing efficiency in stochastic overlapping generations models

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