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Transfers And Gifts In Og Models: Monetary Steady States

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Author Info

  • Ghiglino, Christian

    (Department of Economics, Copenhagen Business School)

  • Hansen, Bodil Olai

    (Department of Economics, Copenhagen Business School)

  • Tved, Mich

    (University of Copenhagen)

Abstract

In the present paper the study of the welfare effects of endowment transfers is extended to the set of steady states of a general stationary overlapping generation model. A complete characterization of manipulations by coalitions and transfers which leads to welfare paradoxes is provided.

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File URL: http://openarchive.cbs.dk/cbsweb/handle/10398/7611
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Bibliographic Info

Paper provided by Copenhagen Business School, Department of Economics in its series Working Papers with number 01-2000.

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Length: 12 pages
Date of creation: 05 Jan 2000
Date of revision:
Handle: RePEc:hhs:cbsnow:2000_001

Contact details of provider:
Postal: Department of Economics, Copenhagen Business School, Solbjerg Plads 3 C, 5. sal, DK-2000 Frederiksberg, Denmark
Phone: 38 15 25 75
Fax: 38 15 34 99
Email:
Web page: http://www.cbs.dk/departments/econ/
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Related research

Keywords: Overlapping-generations models; manipulations; transfer paradox; Leontief effect; steady states; theory of duality;

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