๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

A Stochastic Overlapping Generations Economy with Inheritance

โœ Scribed by I. Karatzas; M. Shubik; W. Sudderth


Publisher
Springer Vienna
Year
2002
Tongue
English
Weight
427 KB
Volume
77
Category
Article
ISSN
1617-7134

No coin nor oath required. For personal study only.


๐Ÿ“œ SIMILAR VOLUMES


Active intermediation in a monetary over
โœ Mark Pingle; Leigh Tesfatsion ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 224 KB

This paper establishes that the profit-seeking activities of private intermediaries can ensure Pareto efficiency in the standard pure-exchange monetary overlapping generations economy without the need for government monetary or fiscal policy intervention. Moreover, these profit-seeking activities ar