A Note on the Characterization of Optimal Allocations in OLG Models with Multiple Goods
Jean-Marc Bonnisseau
(1, 2)
,
Lalaina Rakotonindrainy
(1, 2, 3)
Jean-Marc Bonnisseau
- Fonction : Auteur
- PersonId : 171804
- IdHAL : jean-marc-bonnisseau
- ORCID : 0000-0002-8156-2229
- IdRef : 033522448
Lalaina Rakotonindrainy
- Fonction : Auteur
- PersonId : 916459
Résumé
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.
Format du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
A Note on the Characterization of Optimal Allocations in OLG Models with Multiple Goods
|
Résumé |
en
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.
|
Auteur(s) |
Jean-Marc Bonnisseau
1, 2
, Lalaina Rakotonindrainy
1, 2, 3
1
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
2
CES -
Centre d'économie de la Sorbonne
( 15080 )
- Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13
- France
3
Universität Bielefeld
( 302645 )
- Universitätsstraße 25 D-33615 Bielefeld
- Allemagne
|
Langue du document |
Anglais
|
Date de production/écriture |
2015-08
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2015-09-15
|
Date de publication électronique |
2015-09-15
|
Page/Identifiant |
10.1007/s11228-015-0342-7
|
URL éditeur |
springer.com
|
Domaine(s) |
|
Financement |
|
Projet(s) ANR |
|
Projet(s) Européen(s) |
|
Mots-clés |
en
Overlapping generations model, non complete non transitive preferences, normal cone, equilibrium, Pareto optimality
|
DOI | 10.1007/s11228-015-0342-7 |
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