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Transfers And Gifts In Og Models: Monetary Steady States

Author

Listed:
  • 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.

Suggested Citation

  • Ghiglino, Christian & Hansen, Bodil Olai & Tved, Mich, 2000. "Transfers And Gifts In Og Models: Monetary Steady States," Working Papers 01-2000, Copenhagen Business School, Department of Economics.
  • Handle: RePEc:hhs:cbsnow:2000_001
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    File URL: http://openarchive.cbs.dk/cbsweb/handle/10398/7611
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    More about this item

    Keywords

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

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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