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Efficiency with Endogenous Population Growth

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NBER2004-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10231
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In this paper, we generalize the notion of Pareto-efficiency to make it applicable to environments with endogenous populations. Two efficiency concepts are proposed, P-efficiency and A-efficiency. The two concepts differ in how they treat people who are not born. We show how these concepts relate to
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2004-01-01
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