Intergenerational Altruism and Social Welfare: A Critique of the Dynastic Model
收藏NBER1987-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2288
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资源简介：
In this paper, I show that, under relatively weak conditions, dynastic equilibria are never welfare optima. If a social planner sets policy to maximize a social welfare function, then, except in extreme cases where the planner cares only about a single generation, successive generations will never
提供机构：
美国国家经济研究局
创建时间：
1987-06-01
