کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
986449 1480835 2008 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Dynamic efficiency and intergenerational altruism
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Dynamic efficiency and intergenerational altruism
چکیده انگلیسی

Can dynamic inefficiency that may occur in societies populated by non-altruistic agents be removed by introducing intergenerational altruism? Although the answer seems to be negative, this paper shows, by means of a simple example, that the presence of an arbitrarily low proportion of altruists can be sufficient to prevent a society from reaching a non-Pareto optimal equilibrium. Intergenerational transfers from the old to the young can therefore provide an alternative—to public debt, fiat money or money bubbles which transfer goods from the young to the old—solution to the dynamic efficiency problem.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Review of Economic Dynamics - Volume 11, Issue 3, July 2008, Pages 679–687
نویسندگان
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