The Survival Assumption in Intertemporal Economies
نویسندگان
چکیده
منابع مشابه
Intertemporal Welfare Economics in Imperfect Economies
In this article, we make three contributions: i) wealth is the correct linear indicator of welfare (defined as the present value of future utilities) if population is constant, ii) there is no need to make assumption of an optimal economy and by using the abstract notion of a resource allocation mechanism, it is possible to develop intertemporal welfare economics in imperfect economies, iii) wi...
متن کاملIntertemporal Budget Policies and Macroeconomic Adjustment in Indebted Open Economies
We analyze the role of government intertemporal budget policies in a growing open economy including nominal assets in the presence of an upward sloping supply of debt. This introduces transitional dynamics that influence the effects of government policy instruments on the long term fiscal liability. In particular, shifts in capital income taxes can lead to dynamic scoring effects through the ev...
متن کاملGeneralized equilibria in an economy without the survival assumption
It is well known that an equilibrium in the Arrow-Debreu model may fail to exist if a very restrictive condition called the survival assumption is not satisfied. We study two approaches that allow for the relaxation of this condition. Danilov and Sotskov (1990), and Florig (2001) developed a concept of a generalized equilibrium based on a notion of hierarchic prices. Marakulin (1990) proposed a...
متن کاملExistence of Collateral Equilibrium without Survival Assumption
This paper shows the existence of a collateral equilibrium without assuming any hypotheses on the strict positivity, be they individual initial endowments, including the ex post initial endowments, or aggregated initial endowments. Because of dropping the strict positivity of social initial endowment we fail to get an equilibrium. Instead, we get a quasi-equilibrium. Then, appealing to the conc...
متن کاملThe Economies of Scale in Iran Manufacturing Establishments
One of the topics after two decades of applying import substitution policy in Iran manufacturing sector is the importance of industrial export expansion and foreign relations. The main impetus to this policy transfer is the market expansion and potential gains of exploiting the economies of scale and technical upgrades. Based on this argument this research estimates the efficient scale and gain...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The B.E. Journal of Theoretical Economics
سال: 2011
ISSN: 1935-1704
DOI: 10.2202/1935-1704.1781