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This book presents an exposition of general equilibrium theory for advanced undergraduate and graduate-level students … hypothesis. It presents a unified approach to portions of macro- as well as microeconomic theory and contains problems sets for …
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Equilibrium -- 6 The Kuhn-Tucker Approach to General Equilibrium Theory -- 6.1 Kuhn-Tucker Theorem -- 6.2 Kuhn-Tucker Coefficients …
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This paper surveys intergenerational altruism in neoclassical growth models. It first examines Barro's approach to intergenerational altruism, whereby successive generations are linked by recursive altruistic preferences. Individuals have an altruistic concern only for their children, who in...
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;(ii)an increase in taxation and therefore, in transfers to the working class raises the participation of intergenerational inheritance …
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differences, but inheritance is also widely recognised as playing a major role, especially at the upper end of the wealth range. A … the results of studies that assess the contributions of inheritance and lifecycle factors, and give attention also to a …
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