Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2000 - Revised, June 2000
give a complete characterization of interim Pareto optimality. Our characterization also subsumes equilibria with a PAYG … social security system. In a competitive equilibrium interim Pareto optimality is equivalent to intergenerational exchange … without uncertainty where the notions of exchange efficiency, dynamic efficiency and interim Pareto optimality are all …