| 書目名稱 | The Social Viability of Money |
| 副標(biāo)題 | Competitive Equilibr |
| 編輯 | Joan Esteban |
| 視頻video | http://file.papertrans.cn/920/919947/919947.mp4 |
| 叢書名稱 | Lecture Notes in Economics and Mathematical Systems |
| 圖書封面 |  |
| 描述 | In this book overlapping generations economies are analysedfrom a game theoretical point of view and the socialacceptability of consumption allocations is studied ininfinite horizon models of pure exchange economieswithagents with finite lifetimes who behave cooperatively. Thecore of such economies and its relation with competitiveequilibria, both walrasian and monetary and the essentialcharacteristics of the overlapping generations model areexamined.The author defines the problem of trust in intertemporalconsumption allocations as a question of belonging or nottothe core of economy and provides a full characterization ofthe core allocations for n-goods pure exchange economieswith one agent pergeneration: a consumption allocationbelongs to the core if and only it isPareto optimal andSequentially Individually Rational. From this it followsthat for one commodity economies no consumption allocationinvolving intertemporal transfers can belong to the core ofthe economy. In other words, no monetary equilibrium issocially viable. This result is no longer true for manygoods models. For that caseit is demonstrated that thereexist bounds on the real value of equilibrium moneypurchases beyond |
| 出版日期 | Book 1991 |
| 關(guān)鍵詞 | Competitive Equilibria; Game Theory; Konkurrenz-Gleichgewicht; Spieltheorie; agents |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-642-46755-4 |
| isbn_softcover | 978-3-540-54649-8 |
| isbn_ebook | 978-3-642-46755-4Series ISSN 0075-8442 Series E-ISSN 2196-9957 |
| issn_series | 0075-8442 |
| copyright | Springer-Verlag Berlin Heidelberg 1991 |
|Archiver|手機(jī)版|小黑屋|
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