The unit root property and optimality: A simple proof

DOI10.1016/S0304-4068(01)00072-6zbMath0999.91060MaRDI QIDQ5955036

Subir Chattopadhyay

Publication date: 7 February 2002

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

zbMATH Keywords

optimalitystochastic OLGunit root property

Mathematics Subject Classification ID

Multi-objective and goal programming (90C29) Auctions, bargaining, bidding and selling, and other market models (91B26) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (4)

Optimality in an OLG model with nonsmooth preferences ⋮ When can we do better than autarky? ⋮ The unit root property and optimality with a continuum of states -- pure exchange ⋮ Monetary equilibria and Knightian uncertainty

Cites Work

• Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models
• Characterizing efficiency in stochastic overlapping generations models
• Optimality, the interaction of spot and futures markets, and the nonneutrality of money in the Lucas model
• On optimality in intergenerational risk sharing
• Stochastic OLG models, market structure, and optimality
• Matrix Analysis
• Social Security and Demographic Shocks

This page was built for publication: The unit root property and optimality: A simple proof