Dynamic allocation in an altruistic overlapping generations economy.

In order to analyze whether there exists a social security program that can be maintained period after period, the writer presents a model of dynamic allocation in an altruistic overlapping generations economy. He derives a utility function in which the altruism is intergenerational, nonpaternalist...

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Bibliographic Details

Published in:	Journal of Economic Theory Vol. 73; pp. 292 - 316
Main Author:	Hori, Hajime
Format:	Article
Published:	Academic Press Inc. April 1997
Subjects:	Overlapping generations model (Economics) Mathematical models of saving & investment Economics Game theory Utility theory Mathematical models Altruism Mathematical models of consumption Resource allocation > Mathematical models
Online Access:	View this record in EBSCOhost