TRANSFERS AND GIFTS IN OG MODELS: MONETARY STEADY STATES

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.

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Year of publication:	2000-01-05
Authors:	Ghiglino, Christian ; Hansen, Bodil Olai ; Tved, Mich
Institutions:	Økonomisk Institut, Copenhagen Business School
Subject:	Overlapping-generations models \| manipulations \| transfer paradox \| Leontief effect \| steady states \| theory of duality

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Paper Series Number 01-2000 12 pages
Classification:	D51 - Exchange and Production Economies ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005419387