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Efficient Intertemporal Allocations with Recursive Utility

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NBER1998-04-01 更新2025-01-04 收录
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In this article, our objective is to determine efficient allocations in economies with multiple agents having recursive utility functions. Our main result is to show that in a multiagent economy, the problem of determining efficient allocations can be characterized in terms of a single value

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1998-04-01
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