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- W607392689 abstract "1. Dynamic Efficiency in a Generalized Diamond-Type Overlapping Generations Model.- 1.1 A Short History of Dynamic Efficiency.- 1.2 Framework and Preliminaries.- 1.3 A General Characterization of Dynamic Efficiency.- 1.4 A Price Characterization of Dynamic Efficiency.- 1.5 Conclusion and Preview.- 2. Asset Bubbles, Pay-as-you-go Systems and Dynamic Efficiency.- 2.1 What are Bubbles?.- 2.2 Framework and Tirole's Results.- 2.3 Two Redistribution Paradoxes.- 2.4 Are Bubbles always Pareto-improving?.- 2.5 What can we learn from this Exercise?.- 3. Just Resource Sharing Among Generations: Equity, Efficiency and Optimal Population.- 3.1 The Problem of Intergenerational Distributive Justice.- 3.2 Framework.- 3.3 Preliminaries.- 3.4 Do Fair Allocations Exist?.- 3.5 Optimal Fertility and General Serendipity.- 3.6 Conclusion.- 4. Anticipation and the Time-Consistency of Fiscal Policy.- 4.1 The Problem of Time-Consistency.- 4.2 Framework and Problem.- 4.3 Subgame-and Markov-Perfect Equilibrium.- 4.4 Preliminaries.- 4.5 The GMT and our Problem.- 4.6 Properties of Best Responses.- 4.7 The Case of Additive Separability.- 4.8 The Levelling Operation.- 4.9 Existence of Stationary Markov-Perfect Equilibrium.- 4.10 Paretian Properties of Stationary Markov-Perfect Equilibrium.- 4.11 Conclusion.- References." @default.
- W607392689 created "2016-06-24" @default.
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- W607392689 date "1996-01-01" @default.
- W607392689 modified "2023-10-17" @default.
- W607392689 title "On Overlapping Generations Models with Productive Capital" @default.
- W607392689 doi "https://doi.org/10.1007/978-3-642-48152-9" @default.
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