STRUCTURE OF PARETO OPTIMA IN AN INFINITE-HORIZON ECONOMY WHERE AGENTS HAVE RECURSIVE PREFERENCES

被引：13

作者：

DANA, RA ^{[1
]}

LEVAN, C ^{[1
]}

机构：

[1] CEPREMAP,CNRS,PARIS,FRANCE

来源：

JOURNAL OF OPTIMIZATION THEORY AND APPLICATIONS | 1990年 / 64卷 / 02期

关键词：

dynamical systems; Pareto optima; Recursive preferences; value function;

D O I：

10.1007/BF00939449

中图分类号：

C93 [管理学]; O22 [运筹学];

学科分类号：

070105 ; 12 ; 1201 ; 1202 ; 120202 ;

摘要：

This article generalizes the one-agent growth theory with discounting to the case of several agents with recursive preferences. In a multi-consumption goods world, we show that, under some regularity conditions, any Pareto optimum can be viewed as a function of a trajectory of a dynamical system. The state space can be chosen to be the product of the space of capitals and the unit simplex. We define and study the properties of generalized value functions. © 1990 Plenum Publishing Corporation.

引用

页码：269 / 292

页数：24

共 20 条

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