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Non-paternalistic intergenerational altruism revisited

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  • Balbus, Łukasz
  • Jaśkiewicz, Anna
  • Nowak, Andrzej S.

Abstract

In this paper, we prove the existence of a stationary equilibrium in an intergenerational stochastic game with non-paternalistic altruism as defined by Ray (1987). Our approach is based on the assumption that the transition probabilities are non-atomic. The utility function of each generation has a very general form including many special cases studied in the literature.

Suggested Citation

  • Balbus, Łukasz & Jaśkiewicz, Anna & Nowak, Andrzej S., 2016. "Non-paternalistic intergenerational altruism revisited," Journal of Mathematical Economics, Elsevier, vol. 63(C), pages 27-33.
  • Handle: RePEc:eee:mateco:v:63:y:2016:i:c:p:27-33
    DOI: 10.1016/j.jmateco.2015.12.002
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    References listed on IDEAS

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