Dynamic efficiency of steady-state equilibria in an overlapping-generations model with productive capital

Oded Galor and Harl E. Ryder

No 1988-26, Working Papers from Brown University, Department of Economics

Abstract: This paper establishes sufficient technological conditions under which, for any feasible set of well-behaved preferences, stationary over-investment relative to the Golden Rule is ruled out and the economy's steady-state equilibria are therefore dynamically efficient.

Date: 1988
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Dynamic efficiency of steady-state equilibria in an overlapping-generations model with productive capital (1991)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bro:econwp:1988-26

Access Statistics for this paper

More papers in Working Papers from Brown University, Department of Economics Department of Economics, Brown University, Providence, RI 02912.
Bibliographic data for series maintained by Brown Economics Webmaster (eric_scantlebury@brown.edu).