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Revealed Intertemporal Ineffciency

In: Essays in Dynamic General Equilibrium Theory

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  • Christian Bidard

    (University of Paris X-Nanterre)

Abstract

Summary In a stationary state, ineffciency is established if some marginal perturbation leads to a positive surplus for all commodities. We consider the case when, though the original perturbation itself results in positive and negative changes, an adequately chosen combination of such perturbations is conclusive. A characterization in terms of the positive roots of a polynomial is obtained.

Suggested Citation

  • Christian Bidard, 2005. "Revealed Intertemporal Ineffciency," Studies in Economic Theory, in: Alessandro Citanna & John Donaldson & Herakles Polemarchakis & Paolo Siconolfi & Stephan E. Spear (ed.), Essays in Dynamic General Equilibrium Theory, pages 35-43, Springer.
    • Handle: RePEc:spr:steccp:978-3-540-27192-5_2
    DOI: 10.1007/3-540-27192-9_2
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