Premature mortality and poverty measurement in an OLG economy

Premature mortality and poverty measurement

There is a glaring paradox in all commonly used measures of poverty. The death of a poor person reduces poverty according to these measures. This surely violates our basic intuitions of how poverty measures should behave. It cannot be right in concept that differentially higher mortality among the poor serves to reduce poverty. This paper begins the task of developing poverty measures that are ...

Premature Mortality and Poverty Measurement By Ravi Kanbur and Diganta Mukherjee 1

Optimal Patent Breadth for OLG Economy

Existing literature on optimal patent policy and growth has been focused on the infinite horizon economy models. The lack of analogous analysis for an economy of finitelyliving consumers motivates the present study. We develop a simple quality ladder model of an overlapping-generations economy in the spirit of the canonical model by Grossman and Helpman (1991). Then we analyze the effect of cha...

Measurement of Poverty and Poverty of Measurement

Allais’s Trading Process And The Dynamic Evolution of an OLG Markets Economy

We study a trading process for a pure exchange economy with overlapping generations. This process is based on the maximization, at each stage, of a collective benefit (or surplus). We show that this process converges to a Pareto-optimal allocation. This extends the second fundamental convergence theorem of Allais [1967] to a pure exchange economy with overlapping generations.