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Dynamic Efficiency and Pareto Optimality in a Stochastic OLG Model with Production and Social Security
Stochastic OLG Model Dynamic Efficiency Interim Pareto Optimality Social Security
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2013/10/17
We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We give a complete characterization of interim Pareto optimality. Our characterizati...