Dying of Selfishness.

In this paper, the author reveals an equivalence property between Blanchard's perpetual youth model and the imperfect altruism issue. This essentially requires that the insurance system disappears, and the the bequest nonegativity constraint does not bind. The resulting equilibrium is unique and dynamically efficient. The author also focus on the stationary distribution of wealth.

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Year of publication:	1999
Authors:	Decreuse, B.
Institutions:	Groupement de Recherche en Économie Quantitative d'Aix-Marseille (GREQAM), Aix-Marseille School of Economics (AMSE)
Subject:	METHODOLOGY \| ALTRUISM \| SOCIAL WELFARE

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Series:	G.R.E.Q.A.M..
Type of publication:	Book / Working Paper
Notes:	21 pages
Classification:	B41 - Economic Methodology ; D64 - Altruism
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005669475