Endogenous fertility and modified Pareto-optimality

Detalhes bibliográficos
Autor(a) principal: Lang, Günther
Data de Publicação: 2005
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/15522
Resumo: In a world of endogenous fertility, where the number of descendants is an integral part of the economic allocation, the traditional concept of Pareto- optimality cannot be applied any longer: the number of individuals to be present on earth may vary between any two allocations we wish to compare. Therefore, the concept needs to be modified in order to give new life to the discussion of economic efficiency. This work introduces a straightforward variation of the Pareto-principle and characterizes the optimality of economic allocations according to this concept. It is shown that some of the well-known traditional results on intertemporal optimality do no longer hold. In particular, lump-sum tax instruments (or the rearrangement of initial endowments) are no longer a sufficient tool to achieve efficiency.
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spelling Endogenous fertility and modified Pareto-optimalityEndogenous fertilityModified Pareto-optimalityDynamic efficiencyIn a world of endogenous fertility, where the number of descendants is an integral part of the economic allocation, the traditional concept of Pareto- optimality cannot be applied any longer: the number of individuals to be present on earth may vary between any two allocations we wish to compare. Therefore, the concept needs to be modified in order to give new life to the discussion of economic efficiency. This work introduces a straightforward variation of the Pareto-principle and characterizes the optimality of economic allocations according to this concept. It is shown that some of the well-known traditional results on intertemporal optimality do no longer hold. In particular, lump-sum tax instruments (or the rearrangement of initial endowments) are no longer a sufficient tool to achieve efficiency.Springer VerlagRepositório da Universidade de LisboaLang, Günther2018-05-30T09:58:45Z2005-122005-12-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/15522engLang, Günther (2005). "Endogenous fertility and modified Pareto-optimality". Portuguese Economic Journal, 4(3):171-1911617-982X (print)10.1007/s10258-005-0046-2metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:45:28Zoai:www.repository.utl.pt:10400.5/15522Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:01:09.086160Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Endogenous fertility and modified Pareto-optimality
title Endogenous fertility and modified Pareto-optimality
spellingShingle Endogenous fertility and modified Pareto-optimality
Lang, Günther
Endogenous fertility
Modified Pareto-optimality
Dynamic efficiency
title_short Endogenous fertility and modified Pareto-optimality
title_full Endogenous fertility and modified Pareto-optimality
title_fullStr Endogenous fertility and modified Pareto-optimality
title_full_unstemmed Endogenous fertility and modified Pareto-optimality
title_sort Endogenous fertility and modified Pareto-optimality
author Lang, Günther
author_facet Lang, Günther
author_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Lang, Günther
dc.subject.por.fl_str_mv Endogenous fertility
Modified Pareto-optimality
Dynamic efficiency
topic Endogenous fertility
Modified Pareto-optimality
Dynamic efficiency
description In a world of endogenous fertility, where the number of descendants is an integral part of the economic allocation, the traditional concept of Pareto- optimality cannot be applied any longer: the number of individuals to be present on earth may vary between any two allocations we wish to compare. Therefore, the concept needs to be modified in order to give new life to the discussion of economic efficiency. This work introduces a straightforward variation of the Pareto-principle and characterizes the optimality of economic allocations according to this concept. It is shown that some of the well-known traditional results on intertemporal optimality do no longer hold. In particular, lump-sum tax instruments (or the rearrangement of initial endowments) are no longer a sufficient tool to achieve efficiency.
publishDate 2005
dc.date.none.fl_str_mv 2005-12
2005-12-01T00:00:00Z
2018-05-30T09:58:45Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/15522
url http://hdl.handle.net/10400.5/15522
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Lang, Günther (2005). "Endogenous fertility and modified Pareto-optimality". Portuguese Economic Journal, 4(3):171-191
1617-982X (print)
10.1007/s10258-005-0046-2
dc.rights.driver.fl_str_mv metadata only access
info:eu-repo/semantics/openAccess
rights_invalid_str_mv metadata only access
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer Verlag
publisher.none.fl_str_mv Springer Verlag
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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