EFFICIENT RAMSEY EQUILIBRIA

被引：14

作者：

Becker, Robert A. ^{[2
]}

Mitra, Tapan ^{[1
]}

机构：

[1] Cornell Univ, Ithaca, NY 14853 USA

[2] Indiana Univ, Dept Econ, Bloomington, IN 47405 USA

来源：

MACROECONOMIC DYNAMICS | 2012年 / 16卷

关键词：

Ramsey Equilibria; Borrowing Constraint; Efficiency; Malinvaud Condition; HETEROGENEOUS HOUSEHOLDS; OVERLAPPING GENERATIONS; TURNPIKE-THEORY; GROWTH-MODEL; OPTIMALITY; ECONOMIES; EXISTENCE; PRICES;

D O I：

10.1017/S1365100511000538

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

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页码：18 / 32

页数：15

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