Showing 1 - 10 of 27,875
one-commodity setup (pure distributive social system). Non-cooperative distributive equilibrium is characterized, and its …
Persistent link: https://www.econbiz.de/10014023678
by myopic altruism. We derive conditions for existence and uniqueness of the equilibrium. Unlike in Barro's model, there … the indenite future to make his decisions. We analyze the equilibrium dynamics of an OLG model with individuals motivated … may exist multiple steady state equilibria with operative altruism. …
Persistent link: https://www.econbiz.de/10005779692
Nash equilibrium and implied invariant distribution in a class of intergenerational paternalistic altruism models with … tools for rigorous analysis of Markov stationary equilibrium on minimal state spaces for overlapping generations with …
Persistent link: https://www.econbiz.de/10014182618
The equilibrium outcome of a strategic interaction between two or more people may depend on the weight they place on … each other's payoff. A positive, negative or zero weight represents altruism, spite or complete selfishness, respectively …. Paradoxically, the real, material payoff in equilibrium for a group of altruists may be lower than for selfish or spiteful groups …
Persistent link: https://www.econbiz.de/10010336031
voluntary contribution equilibrium of the model, and only very little attention has been devoted to the competitive equilibrium …. In this paper, we introduce the notion of competitive equilibrium for a warm glow economy [Henceforth, warm glow … equilibrium]. Then, we establish (and prove), in the contest of our model, the three fundamental theorems of general equilibrium …
Persistent link: https://www.econbiz.de/10010280776
The equilibrium outcome of a strategic interaction between two or more people may depend on the weight they place on … each other’s payoff. A positive, negative or zero weight represents altruism, spite or complete selfishness, respectively …. Paradoxically, the real, material payoff in equilibrium for a group of altruists may be lower than for selfish or spiteful groups …
Persistent link: https://www.econbiz.de/10003781390
; Altruism ; Competitive equilibrium ; Free riding ; Public goods provision … voluntary contribution equilibrium of the model, and only very little attention has been devoted to the competitive equilibrium …. In this paper, we introduce the notion of competitive equilibrium for a warm glow economy [Henceforth, warm glow …
Persistent link: https://www.econbiz.de/10003827909
The equilibrium outcome of a strategic interaction between two or more people may depend on the weight they place on … each other’s payoff. A positive, negative or zero weight represents altruism, spite or complete selfishness, respectively …. Paradoxically, the real, material payoff in equilibrium for a group of altruists may be lower than for selfish or spiteful groups …
Persistent link: https://www.econbiz.de/10008626046
This paper extends the Samuelsonian overlapping generations general equilibrium framework to encompass a variety of … altruistic preferences by recasting it into a Lindahl equilibrium framework. The First and the Second Welfare theorems hold for … Lindahl equilibrium with respect to the Malinvaud optimality criterion but not with respect to the Pareto optimality criterion …
Persistent link: https://www.econbiz.de/10014061656
voluntary contribution equilibrium of the model, and only very little attention has been devoted to the competitive equilibrium …. In this paper, we introduce the notion of competitive equilibrium for a warm glow economy [Henceforth, warm glow … equilibrium]. Then, we establish (and prove), in the contest of our model, the three fundamental theorems of general equilibrium …
Persistent link: https://www.econbiz.de/10005106304