Fiche du document
- handle: 10670/1.5users
- halshs: halshs-01158117
info:eu-repo/semantics/OpenAccess
Mots-clés
Overlapping generations model non complete non transitive preferences normal cone equilibrium Pareto Optimality C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C62 - Existence and Stability Conditions of Equilibrium D - Microeconomics/D.D5 - General Equilibrium and Disequilibrium/D.D5.D50 - General D - Microeconomics/D.D6 - Welfare Economics/D.D6.D62 - ExternalitiesSujets proches
Balancing (Physics) Balance (Physics) BalanceCiter ce document
Jean-Marc Bonnisseau et al., « A note on the characterization of optimal allocations in OLG models with multiple goods », HAL-SHS : économie et finance, ID : 10670/1.5users
Métriques
Partage / Export
Résumé
We consider a pure exchange overlapping generations economy with a varying number of 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. As a by-product, we compute an explicit Pareto improving transfer when the criterion is not satisfied, which is minimal for some suitable distance.