A characterization of inefficiency in stochastic overlapping generations economies
DOI10.1016/J.JET.2008.01.002zbMATH Open1151.91618OpenAlexW2112733227MaRDI QIDQ960269FDOQ960269
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
Recommendations
- Efficiency and prices in economies of overlapping generations
- Dynamic efficiency in overlapping generations models with stochastic production
- Characterizing efficiency in stochastic overlapping generations models
- Demonstrating inefficiency in overlapping generations models
- Stochastic OLG models, market structure, and optimality
inefficiencyincomplete marketssocial securitycompetitive pricesCass criterionstochastic overlapping generations economies
Auctions, bargaining, bidding and selling, and other market models (91B26) Special types of economic markets (including Cournot, Bertrand) (91B54)
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
- Title not available (Why is that?)
- 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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