Arbeitspapier
Efficient Ramsey equilibria
Ramsey equilibrium models with heterogeneous agents and borrowing constraints are shown to yield efficient equilibrium sequences of aggregate capital and consumption. The proof of this result is based on verifying that equilibrium sequences of prices satisfy the Malinvaud criterion for efficiency.
- Language
-
Englisch
- Bibliographic citation
-
Series: CAE Working Paper ; No. 11-02
- Classification
-
Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Becker, Robert A.
Mitra, Tapan
- Event
-
Veröffentlichung
- (who)
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Cornell University, Center for Analytical Economics (CAE)
- (where)
-
Ithaca, NY
- (when)
-
2011
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Becker, Robert A.
- Mitra, Tapan
- Cornell University, Center for Analytical Economics (CAE)
Time of origin
- 2011
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