Optimal Growth with Many Consumers
Article Abstract:
Pareto optimal allocations for a dynamic economy with heterogeneous consumers is derived. Both technology and preferences are recursive under perfect certainty. Sufficient conditions are provided for economics with both one and two consumption goods.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1984
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Bunching and Second-Order Conditions: A Note on Optimal Tax Theory
Article Abstract:
A simple non-linear tax model is developed in which agents are indexed in a one-dimensional parameter. A solution cannot always be obtained. Situations may arise wherein second-order conditions must be considered.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1983
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