Intertemporal equity and efficient allocation of resources.

Competitive paths which are efficient are shown to satisfy a terminal cost minimization condition, thereby providing a continuous-time counterpart to the discrete-time result due to Malinvaud. Using this result, competitive paths which are equitable and efficient are shown to satisfy Hartwick's inve...

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Publicado en:	Journal of Economic Theory Vol. 107; no. 2; pp. 356 - 377
Autor principal:	Mitra, Tapan
Formato:	Artículo
Publicado:	Academic Press Inc. December 2002
Materias:	Resource allocation > Mathematical models Mathematical models of saving & investment Welfare economics Mathematical models of consumption
Acceso en línea:	Ver este registro en EBSCOhost