Demonstrating inefficiency in overlapping generations models

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• 作者：Jonathan L. Burke ^{jon.burke@pepperdine.edu}
• 关键词：D5 ; D6 ; D9 ; E4
• 刊名：Economics Letters
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：150
• 期：Complete
• 页码：108-110
• 全文大小：335 K
• 卷排序：150

文摘

Demonstrating inefficiency is possible in some overlapping-generations models. Knowing first period consumption may be sufficient to demonstrate inefficiency. Demonstrating inefficiency implies policy intervention is urgent. Demonstrating inefficiency is impossible in some special cases. Perturbing special cases can make demonstrating inefficiency possible again.