Raut, Lakshmi K. - EconWPA - 1996
, recasting it into a Lindahl equilibrium framework. It has been shown that altruism towards parents provides an alternative … answer to the basic question of capital theory as to why interest rates are positive; the Lindahl equilibrium obeys the First …. A complete characterization of Pareto optimal allocations is provided using Lindahl equilibrium prices. It is shown that …