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Intertemporal Market Equilibrium and Short-Run Intergenerational Efficiency

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Abstract

The main finding of Chap. 3 was that short-run intergenerational efficiency reduces basically to intertemporal efficiency, or in other words, the specific demographic assumptions of overlapping generations do not generate results essentially different from those of infinitely lived agent models described in the seminal Ramsey (1928) model.

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References

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Author information

Authors and Affiliations

  1. Economics, University of Graz, Universitaetsstrasse 15/F4, A-8010, Graz, Austria

    Prof. Dr. Karl Farmer & Dr. Birgit Bednar-Friedl

Authors
  1. Prof. Dr. Karl Farmer
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  2. Dr. Birgit Bednar-Friedl
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Correspondence to Birgit Bednar-Friedl .

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© 2010 Springer-Verlag Berlin Heidelberg

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Farmer, K., Bednar-Friedl, B. (2010). Intertemporal Market Equilibrium and Short-Run Intergenerational Efficiency. In: Intertemporal Resource Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-13229-2_4

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  • DOI: https://doi.org/10.1007/978-3-642-13229-2_4

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-13228-5

  • Online ISBN: 978-3-642-13229-2

  • eBook Packages: Business and EconomicsEconomics and Finance (R0)

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