On optimality in intergenerational risk sharing
نویسندگان
چکیده
منابع مشابه
On optimality of intergenerational risk sharing
This paper defines and studies optimality in a dynamic stochastic economy with finitely lived agents, and investigates the optimality properties of an equilibrium with or without sequentially complete markets. Various Pareto optimality concepts are considered, including interim and ex ante optimality. We show that, at an equilibrium with a productive asset (land) and sequentially complete marke...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2002
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s001990100199