A Note on the Characterization of Optimal Allocations in OLG Models with Multiple Goods.

Autor: Bonnisseau, Jean-Marc, Rakotonindrainy, Lalaina
Zdroj: Set-Valued & Variational Analysis; Mar2016, Vol. 24 Issue 1, p101-114, 14p
Abstrakt: We consider a pure exchange overlapping generations economy with a varying number of commodities and consumers per period having possibly non-complete non transitive preferences. We provide a geometric and direct proof of the Balasko-Shell characterization of Pareto optimal allocations. As a by-product, we compute an explicit Pareto improving transfer when the criterion is not satisfied, which is minimal for some suitable distance. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index
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