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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)

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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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Publisher 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

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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 26 65
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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;

Find related papers by JEL classification:
D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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