Pérez-Nievas, Mikel; Conde-Ruiz, José Ignacio; … - In: Theoretical economics : TE ; an open access journal in … 14 (2019) 2, pp. 475-512
This paper explores the properties of the notions of A-efficiency and P-efficiency, proposed by Golosov, Jones and … identifies potential agents by their position in their siblings' birth order --as Golosov, Jones and Tertilt do--, then A-efficiency … be born, then A-efficiency reduces to dynastic maximization, which, in environments with finite horizon altruism, drives …