On efficiency and Pareto optimality of competitive programs in closed multisector models

DOI10.1016/0022-0531(76)90064-8zbMath0364.90025OpenAlexW2016827078MaRDI QIDQ1241165

Tapan Mitra, Daniel McFadden, Mukul K. Majumdar

Publication date: 1976

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(76)90064-8

Mathematics Subject Classification ID

Trade models (91B60)

Related Items (10)

Monetary equilibrium in an overlapping generations model with productive capital ⋮ On competitive price systems associated with efficient growth paths ⋮ Equilibrium and optimality: some imprints of David Gale ⋮ Pareto optimality and competitive equilibrium in infinite horizon economies ⋮ Competitive prices for a stochastic input-output model with infinite time horizon ⋮ Competitive finite value prices: A complete characterization ⋮ A note on the role of the transversality condition in signalling capital overaccumulation ⋮ Efficient growth with exhaustible resources in a neoclassical model ⋮ Identifying inefficiency in smooth aggregative models of economic growth ⋮ Economic dynamics

Cites Work

• The Dorfman-Samuelson-Solow Turnpike Theorem
• Optimal Growth in a Linear-Logarithmic Economy
• On the Efficiency of Competitive Programmes in an Infinite-Horizon Model
• Optimum Savings and Utility Maximization Over Time
• Balanced Growth under Constant Returns to Scale
• Capital Accumulation and Efficient Allocation of Resources
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