| Document Type
|
:
|
BL
|
| Record Number
|
:
|
748866
|
| Doc. No
|
:
|
b568822
|
| Main Entry
|
:
|
Günther Lang.
|
| Title & Author
|
:
|
On overlapping generations models with productive capital\ Günther Lang.
|
| Publication Statement
|
:
|
Berlin ; New York : Springer, ©1996.
|
| Series Statement
|
:
|
Lecture notes in economics and mathematical systems, 443.
|
| Page. NO
|
:
|
(x, 98 pages) : illustrations
|
| ISBN
|
:
|
3642481523
|
|
|
:
|
: 9783642481529
|
| Contents
|
:
|
Dynamic Efficiency in a Generalized Diamond-Type Overlapping Generations Model --; Asset Bubbles, Pay-as-you-go Systems and Dynamic Efficiency --; Just Resource Sharing Among Generations: Equity, Efficiency and Optimal Population --; Anticipation and the Time-Consistency of Fiscal Policy.
|
| Abstract
|
:
|
This book examines several unsolved problems in OLG models with productive capital. It extends the well-known Diamond analysis to a model with variable population growth and characterizes dynamically efficient allocations. Then the design of pay-as-you-go pension schemes and government debt to achieve a Pareto-improvement of inefficient growth paths are investigated. Departing from pure efficiency aspects, the book turns to questions of intergenerational fairness and optimal population growth. Finally, introducing a polito-economic model of transfers between generations, conflicting preferences between an infinite sequence of governments are solved for a Markov-perfect equilibrium, providing some important insights into mechanisms of growth and the nature of capital income taxation.
|
| Subject
|
:
|
Capital -- Mathematical models.
|
| Subject
|
:
|
Equilibrium (Economics) -- Mathematical models.
|
| Subject
|
:
|
Macroeconomics -- Mathematical models.
|
| LC Classification
|
:
|
HB145.G868 1996
|
| Added Entry
|
:
|
Günther Lang
|