Is there a general criterion for dynamic efficiency?

Detalhes bibliográficos
Autor(a) principal: Martins, Marco Antonio Campos
Data de Publicação: 1999
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/12260
Resumo: This paper analyses an overlapping generations model with absolute bequest motive. It is shown that the widely accepted criterion to verify dynamic efficiency does not apply to this case. In our model the social planner maximizes welfare by choosing a capital stock larger than the golden role and a real rate of interest smaller than the rate of growth of the economy.
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spelling Martins, Marco Antonio CamposEscolas::EPGEFGV2014-10-28T13:37:14Z2014-10-28T13:37:14Z1999-08-26http://hdl.handle.net/10438/12260This paper analyses an overlapping generations model with absolute bequest motive. It is shown that the widely accepted criterion to verify dynamic efficiency does not apply to this case. In our model the social planner maximizes welfare by choosing a capital stock larger than the golden role and a real rate of interest smaller than the rate of growth of the economy.engEscola de Pós-Graduação em Economia da FGVSeminários de pesquisa econômica da EPGETodo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveisinfo:eu-repo/semantics/openAccessDynamic efficiencyBequest motiveOverlapping generationsCapital accumulationEconomiaEconomia matemáticaIs there a general criterion for dynamic efficiency?info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL000303130.pdf000303130.pdfapplication/pdf490238https://repositorio.fgv.br/bitstreams/a48d6639-e03b-425e-9883-7d844a7ae2a2/downloadf19cbc4ab31a6ba34e432e18eeb66d43MD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv Is there a general criterion for dynamic efficiency?
title Is there a general criterion for dynamic efficiency?
spellingShingle Is there a general criterion for dynamic efficiency?
Martins, Marco Antonio Campos
Dynamic efficiency
Bequest motive
Overlapping generations
Capital accumulation
Economia
Economia matemática
title_short Is there a general criterion for dynamic efficiency?
title_full Is there a general criterion for dynamic efficiency?
title_fullStr Is there a general criterion for dynamic efficiency?
title_full_unstemmed Is there a general criterion for dynamic efficiency?
title_sort Is there a general criterion for dynamic efficiency?
author Martins, Marco Antonio Campos
author_facet Martins, Marco Antonio Campos
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Martins, Marco Antonio Campos
dc.subject.eng.fl_str_mv Dynamic efficiency
Bequest motive
Overlapping generations
Capital accumulation
topic Dynamic efficiency
Bequest motive
Overlapping generations
Capital accumulation
Economia
Economia matemática
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Economia matemática
description This paper analyses an overlapping generations model with absolute bequest motive. It is shown that the widely accepted criterion to verify dynamic efficiency does not apply to this case. In our model the social planner maximizes welfare by choosing a capital stock larger than the golden role and a real rate of interest smaller than the rate of growth of the economy.
publishDate 1999
dc.date.issued.fl_str_mv 1999-08-26
dc.date.accessioned.fl_str_mv 2014-10-28T13:37:14Z
dc.date.available.fl_str_mv 2014-10-28T13:37:14Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/12260
url http://hdl.handle.net/10438/12260
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartofseries.por.fl_str_mv Seminários de pesquisa econômica da EPGE
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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collection Repositório Institucional do FGV (FGV Repositório Digital)
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