The unit root property and optimality: A simple proof

DOI10.1016/S0304-4068(01)00072-6MaRDI QIDQ5955036zbMATH OpenFDO

Authors Subir Chattopadhyay

Publication date 7 February 2002

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL http://www.ivie.es/downloads/docs/wpasad/wpasad-2000-31.pdf

zbMATH Keywords

optimalitystochastic OLGunit root property

Mathematics Subject Classification ID

Multi-objective and goal programming (90C29) Auctions, bargaining, bidding and selling, and other market models (91B26) Special types of economic markets (including Cournot, Bertrand) (91B54)

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Cites work

• Characterizing efficiency in stochastic overlapping generations models
• Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models
• Matrix Analysis
• On optimality in intergenerational risk sharing
• Optimality, the interaction of spot and futures markets, and the nonneutrality of money in the Lucas model
• Social Security and Demographic Shocks
• Stochastic OLG models, market structure, and optimality

Cited in

(5)

• The unit root property and optimality with a continuum of states -- pure exchange
• Monetary equilibria and Knightian uncertainty
• When can we do better than autarky?
• Optimality in an OLG model with nonsmooth preferences
• Dividend paying assets, the unit root property, and suboptimality

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