Altruistic Bequests and Non-Negative Savings

Stéphane Lambrecht

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: This paper on the class of models studiyng the interaction between an altruistic benefactor and a selfish recipient. Bequest is the only transfer from an altruistic parent to his selfish son and we assume that it is not a valid collateral for bank loans. This is equivalent to addding a non-negativity constraint on savings to the standard bequest model. A crucial mechanism at work is that the son's choice of a level of action can seriously dwarf his budget set.

Keywords: FINANCING; INHERITANCE; SAVINGS (search for similar items in EconPapers)
JEL-codes: D10 D64 D91 (search for similar items in EconPapers)
Pages: 17 pages
Date: 1999
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Altruistic bequests and non-negative savings (2004)
Journal Article: Altruistics bequests and non-negative savings (2003)
Working Paper: Altruistic bequests and non-negative savings (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:99a06

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