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Equity Between Overlapping Generations

โœ Scribed by JOHN QUIGGIN


Book ID
115225573
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
501 KB
Volume
14
Category
Article
ISSN
1097-3923

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๐Ÿ“œ SIMILAR VOLUMES


Surplus analysis for overlapping generat
โœ Joaquim Silvestre ๐Ÿ“‚ Article ๐Ÿ“… 2000 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 219 KB

I extend surplus analysis to overlapping generations. In the atemporal quasilinear model we have the &global equivalence principle': e$ciency is equivalent to surplus maximization, provided that the numeraire is unbounded from below. If it is not, then only a &local equivalence principle' obtains, r