Revealed Intertemporal Ineffciency

Christian Bidard
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Christian Bidard: University of Paris X-Nanterre

A chapter in Essays in Dynamic General Equilibrium Theory, 2005, pp 35-43 from Springer

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.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:spr:steccp:978-3-540-27192-5_2

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DOI: 10.1007/3-540-27192-9_2

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