On optimality in intergenerational risk sharing
type: Item
instance of: scholarly article
title: On optimality in intergenerational risk sharing
zbMATH Open document ID: 1032.91096
author: Gabrielle Demange
published in: Economic Theory
publication date: 2003-03-25T00:00:00Z
full work available at URL: 10.1.1.135.158.pdf
review text: For dynamic stochastic economies with finitely lived agents and one good in every period the author discusses in detail problems of intergenerational transfers, e.g., extending optimality results, that are known from non-stochastic OLG economies. In the here considered stochastic set up the author defines several different Pareto optimality concepts for allocations and gets necessary and sufficient conditions for optimality, also results for the optimality of an equilibrium in such an economy under different assumptions (e.g., incomplete markets).
reviewed by: Alfred Göpfert
Mathematics Subject Classification ID: 91B70
Mathematics Subject Classification ID: 90C29
Mathematics Subject Classification ID: 91B54
Mathematics Subject Classification ID: 91B30
zbMATH DE Number: 1887552
zbMATH Keywords: overlapping generations
zbMATH Keywords: Pareto optimality
zbMATH Keywords: incomplete markets
MaRDI profile type: Publication
OpenAlex ID: W3125883679
DOI: 10.1007/S001990100199
description: scientific article; zbMATH DE number 1887552