Population Growth and Optimality: When Does Serendipity Hold?
AbstractThis note gives the condition under which there is an interior optimum rate of population growth in a two-generations-overlapping model. These conditions imply complementarity both in production and in consumption. They also validate Samuelson's serendipity theorem.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Population Economics.
Volume (Year): 6 (1993)
Issue (Month): 4 (November)
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Web page: http://link.springer.de/link/service/journals/00148/index.htm
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Other versions of this item:
- MICHEL, Philippe & PESTIEAU, Pierre, . "Population growth and optimality. When does serendipity hold?," CORE Discussion Papers RP -1072, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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