Efficient Ramsey equilibria

by Robert A. Becker and Tapan Mitra

Ramsey equilibrium models with heterogeneous agents and borrowing constraints are shown to yield efficient equilibrium sequences of aggregate capital and consumption. The proof of this result is based on verifying that equilibrium sequences of prices satisfy the Malinvaud criterion for efficiency.

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Year of publication:	2011
Authors:	Becker, Robert Allen ; Mitra, Tapan
Publisher:	Ithaca, NY : Center for Analytical Economics
Subject:	Theorie \| Theory \| Wirtschaftswissenschaft \| Economics \| Mathematik \| Mathematics \| Optimales Wachstum \| Optimal growth \| Allokationseffizienz \| Allocative efficiency

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Extent:	Online-Ressource (PDF-Datei: 21 S., 243 KB)
Series:	CAE working paper. - Ithaca, NY : [Verlag nicht ermittelbar], ISSN 1936-5098, ZDB-ID 2206589-1. - Vol. 11-02
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/70447 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009240659