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Titlebook: On Overlapping Generations Models with Productive Capital; Günther Lang Book 1996 Springer-Verlag Berlin Heidelberg 1996 efficiency.equili

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书目名称On Overlapping Generations Models with Productive Capital
编辑Günther Lang
视频video
丛书名称Lecture Notes in Economics and Mathematical Systems
图书封面Titlebook: On Overlapping Generations Models with Productive Capital;  Günther Lang Book 1996 Springer-Verlag Berlin Heidelberg 1996 efficiency.equili
描述This book was born out of a five-years research at Sonderforschungsbe­ reich 303 by the Deutsche Forschungsgemeinschaft (DFG) at Rheinische Friedrich-Wilhelms-Universitiit Bonn and was approved as my doctoral thesis by the Rechts-und Staatswissenschaftliche Fakultiit in December 1994. It was my former colleague Wolfgang Peters who had drawn my atten­ tion to overlapping-generations models and to problems of intergenerational efficiency and distribution. The subtle connection between the latter two has been fascinating me from the very beginning: redistribution of the results of free trade can become necessary from the point of view of efficiency, although no externalities hamper the development of an economy. In spite of being a matured part of economics, neoclassical growth theory had left many questions unsolved, some of them even unrecognized by a large part of our profession. I took up the challenge to contribute to the investigation of some of these thorny problems. One of these issues is the often quoted idea of the inter generational con­ tract. Although intergenerational transfers can improve intertemporal effi­ ciency, the design of pension schemes to achieve an improvemen
出版日期Book 1996
关键词efficiency; equilibrium; fertility; fiscal policy; population; population growth; taxation
版次1
doihttps://doi.org/10.1007/978-3-642-48152-9
isbn_softcover978-3-540-61603-0
isbn_ebook978-3-642-48152-9Series ISSN 0075-8442 Series E-ISSN 2196-9957
issn_series 0075-8442
copyrightSpringer-Verlag Berlin Heidelberg 1996
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Asset Bubbles, Pay-as-you-go Systems and Dynamic Efficiency,nds. A . yields no return, i.e. it is useless in production, and no individual derives utility from just holding it. Tirole (1985) in his article on . gives several examples of things which can serve as bubbles, for instance gold, stocks, land, money, or a beautiful painting. Although some of these
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Book 1996up the challenge to contribute to the investigation of some of these thorny problems. One of these issues is the often quoted idea of the inter generational con­ tract. Although intergenerational transfers can improve intertemporal effi­ ciency, the design of pension schemes to achieve an improvemen
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0075-8442 ter generational con­ tract. Although intergenerational transfers can improve intertemporal effi­ ciency, the design of pension schemes to achieve an improvemen978-3-540-61603-0978-3-642-48152-9Series ISSN 0075-8442 Series E-ISSN 2196-9957
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On Overlapping Generations Models with Productive Capital
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Introduction,This work will be concerned with several yet unsolved, maybe even partly unnoticed, problems in the framework of the Diamond (1965) type overlapping generations model with productive capital. These are problems of intertemporal (dynamic) efficiency, distributive justice and optimal population, and the problem of time-consistency of fiscal policy.
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