Efficiency with endogenous population growth - Info and Reading Options
By Mikhail Golosov
"Efficiency with endogenous population growth" was published by National Bureau of Economic Research in 2004 - Cambridge, MA and the language of the book is English.
“Efficiency with endogenous population growth” Metadata:
- Title: ➤ Efficiency with endogenous population growth
- Author: Mikhail Golosov
- Language: English
- Publisher: ➤ National Bureau of Economic Research
- Publish Date: 2004
- Publish Location: Cambridge, MA
“Efficiency with endogenous population growth” Subjects and Themes:
- Subjects: Economic aspects of Population - Endogenous growth (Economics) - Human Fertility - Mathematical models - Population
Edition Specifications:
- Format: Electronic resource
Edition Identifiers:
- The Open Library ID: OL3476507M - OL5811244W
- Library of Congress Control Number (LCCN): 2005616031
AI-generated Review of “Efficiency with endogenous population growth”:
"Efficiency with endogenous population growth" Description:
The Open Library:
"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 the notion of Pareto-efficiency when fertility is exogenous. We then prove versions of the first welfare theorem assuming that decision making is efficient within the dynasty. Finally, we give two sets of sufficient conditions for non-cooperative equilibria of family decision problems to be efficient. These include the Barro and Becker model as a special case"--National Bureau of Economic Research web site.
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