Two-Sided Altruism, Lindahl Equilibrium, and Pareto Optimality in Overlapping Generations Models

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. A complete characterization of Pareto optimal allocations is provided using the Lindahl equilibrium prices

MoreLess

Year of publication:	2005
Authors:	Raut, Lakshmi Kanta
Publisher:	[S.l.] : SSRN
Subject:	Overlapping Generations \| Overlapping generations \| Altruismus \| Altruism \| Pareto-Optimum \| Pareto efficiency \| Wohlfahrtsökonomik \| Welfare economics \| Öffentliche Güter \| Public goods \| Gleichgewichtstheorie \| Equilibrium theory

Extent:	1 Online-Ressource (10 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Theory, Vol. 27, No. 3, pp. 729-736, April 2006
Classification:	D51 - Exchange and Production Economies ; D62 - Externalities ; D64 - Altruism ; C62 - Existence and Stability Conditions of Equilibrium
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014061656