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EFFICIENCY WITH ENDOGENOUS POPULATION GROWTH
Pareto optimality first welfare theorem fertility dynasty altruism
2014/3/18
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. Th...
EFFICIENCY WITH ENDOGENOUS POPULATION GROWTH
Pareto optimality first welfare theorem fertility dynasty altruism.
2014/3/18
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. Th...