EQUILIBRIUM IN AN OVERLAPPING GENERATIONS MODEL WITH ALTRUISTIC PREFERENCE WHEN MARKETS ARE FRICTIONAL

EQUILIBRIUM IN AN OVERLAPPINGGENERATIONS MODEL WITH ALTRUISTICPREFERENCE WHEN MARKETS AREFRICTIONAL

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摘要 Abstract. This paper examines the equilibrium existence of an overlapping generationsmodel with transaction costs. Moreover, we also show that if the equilibrium prices ofbuying equal those of selling the equilibrium allocations are pareto effiCient when the valueof the aggregate endowment at equilibrium price is finite.

出处《Journal of Systems Science & Complexity》 SCIE EI CSCD 2002年第2期113-124,共12页 系统科学与复杂性学报（英文版）

基金 the National Natural Science Foundation of China(79790130).

关键词 OLG Model altruistic preference transaction costs pareto optimum. 市场重叠生产模型交易成本系统分析

分类号 F224 [经济管理—国民经济]

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Journal of Systems Science & Complexity

2002年第2期

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EQUILIBRIUM IN AN OVERLAPPING GENERATIONS MODEL WITH ALTRUISTIC PREFERENCE WHEN MARKETS ARE FRICTIONAL

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