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

Jean-Marc Bonnisseau and Lalaina Rakotonindrainy

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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)
JEL-codes: C62 D50 D62 (search for similar items in EconPapers)
Date: 2015-01, Revised 2015-07
New Economics Papers: this item is included in nep-dge and nep-fdg
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ftp://mse.univ-paris1.fr/pub/mse/CES2015/15003R.pdf (application/pdf)

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 Models with Multiple Goods (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:15003r

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