Two-sided altruism, Lindahl equilibrium, and Pareto optimality in overlapping generations models

被引：5

作者：

Raut, LK ^{[1
]}

机构：

[1] Calif State Univ Fullerton, Dept Econ, Fullerton, CA 92634 USA

来源：

ECONOMIC THEORY | 2006年 / 27卷 / 03期

关键词：

altruism; Lindahl equilibrium; Pareto optimality; overlapping generations;

D O I：

10.1007/s00199-004-0562-9

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper extends the Samuelsonian overlapping generations general equilibrium framework to encompass a variety of altruistic preferences by recasting it into a Lindahl equilibrium framework. The First and the Second Welfare theorems hold for Lindahl equilibrium with respect to the Malinvaud optimality criterion but not with respect to the Pareto optimality criterion. A complete characterization of Pareto optimal allocations is provided using the Lindahl equilibrium prices.

引用

页码：729 / 736

页数：8

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