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TRANSFERS AND GIFTS IN OG MODELS: MONETARY STEADY STATES

Ghiglino, Christian and Hansen, Bodil Olai and Tved, Mich (2000) TRANSFERS AND GIFTS IN OG MODELS: MONETARY STEADY STATES. [UNSPECIFIED]

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Abstract

In the present paper the study of the welfare effects of endowment transfers is extended to the set of steady states of a general stationary overlapping generation model. A complete characterization of manipulations by coalitions and transfers which leads to welfare paradoxes is provided.

Item Type: UNSPECIFIED
Uncontrolled Keywords: D51, D91, E32, Overlapping-generations models, manipulations, transfer paradox, Leontief effect, steady states, theory of duality
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 16 Jul 2012 18:14
Last Modified: 17 Aug 2017 18:10
URI: http://repository.essex.ac.uk/id/eprint/3021

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