Search Results - subject:"dynamic efficiency"

Difficulties in testing for capital overaccumulation

Kocherlakota, Narayana Rao - In: Quantitative Economics 15 (2024) 1, pp. 89-114

This paper reconsiders the question of testing for the presence of Pareto suboptimal capital overaccumulation in overlapping generations economies. The paper allows generation-specific technology shocks to evolve over time according to a stationary Markov chain, and assumes that an...

Persistent link: https://www.econbiz.de/10014536979

Difficulties in testing for capital overaccumulation

Kocherlakota, Narayana Rao - In: Quantitative economics : QE ; journal of the … 15 (2024) 1, pp. 89-114

This paper reconsiders the question of testing for the presence of Pareto suboptimal capital overaccumulation in overlapping generations economies. The paper allows generation‐specific technology shocks to evolve over time according to a stationary Markov chain, and assumes that an...

Persistent link: https://www.econbiz.de/10014496932

Can optimal unfunded public pensions co-exist with voluntary private retirement savings?

Andersen, Torben M.; Bhattacharya, Joydeep; Liu, Qing - 2023 - This version: March 30, 2023

Persistent link: https://www.econbiz.de/10015394265

The dynamic efficiency of gifting

Gill, Anthony James; Thomas, Michael D. - In: Journal of institutional economics 19 (2023) 1, pp. 70-85

Persistent link: https://www.econbiz.de/10013539385

The market structure simulation of heterogenous firms

Burinskas, Arūnas; Tvaronavičienė, Manuela - In: Economies 10 (2022) 1, pp. 1-22

The paper aims at the need for economic policy evaluators to assess how and whether specific measures can influence the development of markets in a way that achieves greater wealth. Therefore, this study concentrates on well-documented firms' heterogeneity that significantly impact their ability...

Persistent link: https://www.econbiz.de/10013199952

The market structure simulation of heterogenous firms

Burinskas, Arūnas; Tvaronavičienė, Manuela - In: Economies : open access journal 10 (2022) 1, pp. 1-22

Persistent link: https://www.econbiz.de/10012800555

Private property rights, dynamic efficiency and economic development: An Austrian reply to neo-marxist scholars Nieto and Mateo on cyber-communism and market process

Wang, William Hongsong; Espinosa, Victor I.; Peña … - In: Economies 9 (2021) 4, pp. 1-17

Austrian theory of dynamic efficiency are consistent to enhance economic development. Their argument focuses on two issues: (a …) the existence of circular reasoning in the Austrian theory of dynamic efficiency, and (b) dynamic efficiency and full … rights through ICT, dynamic efficiency refers to the entrepreneurs' creative and coordinative natures. In this paper, first …

Persistent link: https://www.econbiz.de/10013199903

Private property rights, dynamic efficiency and economic development : an Austrian reply to neo-marxist scholars Nieto and Mateo on cyber-communism and market process

Wang, William Hongsong; Espinosa, Victor I.; Peña … - In: Economies : open access journal 9 (2021) 4, pp. 1-17

Persistent link: https://www.econbiz.de/10012799853

Dynamic resource allocation with cost externality

Zhao, Hao; Porter, David P. - 2021

Persistent link: https://www.econbiz.de/10013256951

Reference-Dependent Preferences, Time Inconsistency, and Unfunded Pensions

Andersen, Torben M.; Bhattacharya, Joydeep; Liu, Qing - 2020

In the real world, public pay-as-you-go pension (PAYG) schemes are popular and co-exist with private, retirement-saving schemes. This is true even in dynamically efficient economies where such pensions offer a lower return. The classic Aaron-Samuelson result argues that, in theory, this is...

Persistent link: https://www.econbiz.de/10012214171