A note on the characterization of optimal allocations in OLG models with multiple goods

Jean-Marc Bonnisseau and Lalaina Rakotonindrainy

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Abstract: We consider a pure exchange overlapping generations economy with a varying number of commodities and consumers per period having possibly non-complete non transitive preferences. We provide a geometric and direct proof of the Balasko-Shell characterization of Pareto optimal allocation. As a by-product, we compute an explicit Pareto improving transfer when the criterion is not satisfied, which is minimal for some suitable distance.

Keywords: Overlapping generations model; non complete non transitive preferences; normal cone; equilibrium; Pareto Optimality (search for similar items in EconPapers)
Date: 2015-07
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01158117v2
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Published in 2015

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Related works:
Working Paper: A note on the characterization of optimal allocations in OLG models with multiple goods (2015)
Working Paper: A Note on the Characterization of Optimal Allocations in OLG Models with Multiple Goods (2015)
Working Paper: A Note on the Characterization of Optimal Allocations in OLG Models with Multiple Goods (2015)
Working Paper: A Note on the Characterization of Optimal Allocations in OLG Models with Multiple Goods (2015)
Working Paper: A note on the characterization of optimal allocations in OLG mdels with multiple goods (2015)
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