Bonnisseau, Jean-Marc; Rakotonindrainy, Lalaina - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2015
We consider a pure exchange overlapping generations economy with finitely many commodities and consumers per period having possibly non-complete non transitive preferences. We provide a geometric and direct proof of the Balasko-Shell characterization of Pareto optimal allocation. To avoid some...