Beyond the Horizon: Attainability of Pareto Optimality when the Indefinite Future Matters
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Brown, Donald J & Lewis, Lucinda M, 1981.
"Myopic Economic Agents,"
Econometrica, Econometric Society, vol. 49(2), pages 359-368, March.
- Donald J. Brown & Lucinda M. Lewis, 1978. "Myopic Economic Agents," Cowles Foundation Discussion Papers 481, Cowles Foundation for Research in Economics, Yale University.
- Graciela Chichilnisky, 2012. "Economic theory and the global environment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(2), pages 217-225, February.
- Graciela Chichilnisky, 2016.
"Sustainable Markets with Short Sales,"
Studies in Economic Theory, in: Graciela Chichilnisky & Armon Rezai (ed.), The Economics of the Global Environment, pages 147-162,
Springer.
- Graciela Chichilnisky, 2012. "Sustainable markets with short sales," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(2), pages 293-307, February.
- Araujo, Aloisio, 1985. "Lack of Pareto Optimal Allocations in Economies with Infinitely Many Commodities: The Need for Impatience," Econometrica, Econometric Society, vol. 53(2), pages 455-461, March.
- Bewley, Truman F., 1972. "Existence of equilibria in economies with infinitely many commodities," Journal of Economic Theory, Elsevier, vol. 4(3), pages 514-540, June.
- BEWLEY, Truman F., 1972. "Existence of equilibria in economies with infinitely many commodities," LIDAM Reprints CORE 122, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Eveson, Simon P. & Thijssen, Jacco J.J., 2016. "Pareto optimality and existence of quasi-equilibrium in exchange economies with an indefinite future," Journal of Mathematical Economics, Elsevier, vol. 67(C), pages 138-152.
- Jean-Pierre Drugeon & Thai Ha Huy, 2022.
"A not so myopic axiomatization of discounting,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 73(1), pages 349-376, February.
- Jean-Pierre Drugeon & Thai Ha-Huy, 2018. "A Not so Myopic Axiomatization of Discounting," Working Papers halshs-01761962, HAL.
- Jean-Pierre Drugeon & Thai Ha-Huy, 2018. "A not so myopic axiomatization of discounting," Documents de recherche 18-02, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
- Jean-Pierre Drugeon & Thai Ha Huy, 2022. "A not so myopic axiomatization of discounting," PSE-Ecole d'économie de Paris (Postprint) halshs-03238955, HAL.
- Jean-Pierre Drugeon & Thai Ha-Huy, 2018. "A Not so Myopic Axiomatization of Discounting," PSE Working Papers halshs-01761962, HAL.
- Jean-Pierre Drugeon & Thai Ha Huy, 2022. "A not so myopic axiomatization of discounting," Post-Print halshs-03238955, HAL.
- Charalambos Aliprantis & Kim Border & Owen Burkinshaw, 1996. "Market economies with many commodities," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 19(1), pages 113-185, March.
- Chateauneuf, Alain & Ventura, Caroline, 2013.
"G-continuity, impatience and myopia for Choquet multi-period utilities,"
Journal of Mathematical Economics, Elsevier, vol. 49(1), pages 97-105.
- Alain Chateauneuf & Caroline Ventura, 2013. "G-continuity, impatience and myopia for Choquet multi-period utilities," PSE-Ecole d'économie de Paris (Postprint) hal-00964446, HAL.
- Alain Chateauneuf & Caroline Ventura, 2013. "G-continuity, impatience and myopia for Choquet multi-period utilities," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00964446, HAL.
- Alain Chateauneuf & Caroline Ventura, 2013. "G-continuity, impatience and myopia for Choquet multi-period utilities," Post-Print hal-00964446, HAL.
- Jean-Pierre Drugeon & Thai Ha-Huy, 2018.
"Towards a Decomposition for the Future: Closeness, Remoteness & Temporal Biases,"
PSE Working Papers
halshs-01962035, HAL.
- Jean-Pierre Drugeon & Thai Ha-Huy, 2018. "Towards a Decomposition for the Future: Closeness, Remoteness & Temporal Biases," Working Papers halshs-01962035, HAL.
- Aloisio Araujo & Jean-Marc Bonnisseau & Alain Chateauneuf & Rodrigo Novinski, 2014.
"Optimal Risk Sharing with Optimistic and Pessimistic Decision Makers,"
Working Papers
2014-579, Department of Research, Ipag Business School.
- Aloisio Araujo & Jean-Marc Bonnisseau & Alain Chateauneuf & Rodrigo Novinski, 2015. "Optimal Risk Sharing with Optimistic and Pessimistic Decision Makers," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01224491, HAL.
- Aloisio Araujo & Laurence Jean-Marc Bonnisseau & Alain Chateauneuf & Rodrigo Novinski, 2015. "Optimal Risk Sharing with Optimistic and Pessimistic Decision Makers," Documents de travail du Centre d'Economie de la Sorbonne 15071, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Aloisio Araujo & Jean-Marc Bonnisseau & Alain Chateauneuf & Rodrigo Novinski, 2015. "Optimal Risk Sharing with Optimistic and Pessimistic Decision Makers," Post-Print halshs-01224491, HAL.
- Araujo, Aloisio & Gama, Juan Pablo & Novinski, Rodrigo & Pascoa, Mario R., 2019.
"Endogenous discounting, wariness, and efficient capital taxation,"
Journal of Economic Theory, Elsevier, vol. 183(C), pages 520-545.
- Aloisio Araujo & Juan Pablo Gamay & Rodrigo Novinskiz & Mario R. Pascoa, 2019. "Endogenous Discounting, Wariness, and Effcient Capital Taxation," School of Economics Discussion Papers 0619, School of Economics, University of Surrey.
- Urmee Khan & Maxwell B Stinchcombe, 2016. "Planning for the Long Run: Programming with Patient, Pareto Responsive Preferences," Working Papers 201608, University of California at Riverside, Department of Economics.
- Herves-Beloso, Carlos & Moreno-Garcia, Emma & Nunez-Sanz, Carmelo & Rui Pascoa, Mario, 2000. "Blocking Efficacy of Small Coalitions in Myopic Economies," Journal of Economic Theory, Elsevier, vol. 93(1), pages 72-86, July.
- Khan, Urmee & Stinchcombe, Maxwell B., 2018. "Planning for the long run: Programming with patient, Pareto responsive preferences," Journal of Economic Theory, Elsevier, vol. 176(C), pages 444-478.
- Basile, Achille & Graziano, Maria Gabriella & Papadaki, Maria & Polyrakis, Ioannis A., 2017.
"Cones with semi-interior points and equilibrium,"
Journal of Mathematical Economics, Elsevier, vol. 71(C), pages 36-48.
- Achille Basile & Maria Gabriella Graziano & Maria Papadaki & Ioannis A. Polyrakis, 2016. "Cones with Semi-interior Points and Equilibrium," CSEF Working Papers 443, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Paulo k. Monteiro & Jaime Orrillo & Rudy Rosas, 2019. "Hyperopic Topologies Once Again," Economics Bulletin, AccessEcon, vol. 39(4), pages 2706-2710.
- V. Filipe Martins-da-Rocha & Yiannis Vailakis, 2013.
"Fixed point for local contractions: Applications to recursive utility,"
International Journal of Economic Theory, The International Society for Economic Theory, vol. 9(1), pages 23-33, March.
- Victor Filipe Martins da Rocha & Yiannis Vailakis, 2013. "Fixed-point for local contractions: applications to recursive utility," Post-Print hal-00734522, HAL.
- Charalambos Aliprantis & Rabee Tourky, 2009.
"Equilibria in incomplete assets economies with infinite dimensional spot markets,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 38(2), pages 221-262, February.
- Aliprantis, C. D. & Tourky, Rabee, 2004. "Equilibria in Incomplete Assets Economies with Infinite Dimensional Spot Markets," Purdue University Economics Working Papers 1169, Purdue University, Department of Economics.
- Levine, David K. & Zame, William R., 1996.
"Debt constraints and equilibrium in infinite horizon economies with incomplete markets,"
Journal of Mathematical Economics, Elsevier, vol. 26(1), pages 103-131.
- David K. Levine & William R. Zame, 1992. "Debt Constraints and Equilibrium in Infinite Horizon Economies with Incomplete Markets," UCLA Economics Working Papers 666, UCLA Department of Economics.
- David K. Levine & William Zame, 1996. "Debt Constraints and Equilibrium in Infinite Horizon Economies with Incomplete Markets," Levine's Working Paper Archive 1954, David K. Levine.
- David K. Levine & William R. Zame, 1993. "Debt Constraints and Equilibrium in Infinite Horizon Economies with Incomplete Markets," UCLA Economics Working Papers 703, UCLA Department of Economics.
- Aloisio Araujo & Jean-Marc Bonnisseau & Alain Chateauneuf & Rodrigo Novinski, 2017.
"Optimal sharing with an infinite number of commodities in the presence of optimistic and pessimistic agents,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(1), pages 131-157, January.
- Aloisio Araujo & Jean-Marc Bonnisseau & Alain Chateauneuf & Rodrigo Novinski, 2017. "Optimal sharing with an infinite number of commodities in the presence of optimistic and pessimistic agents," Post-Print halshs-01336882, HAL.
- Aloisio Araujo & Jean-Marc Bonnisseau & Alain Chateauneuf & Rodrigo Novinski, 2017. "Optimal sharing with an infinite number of commodities in the presence of optimistic and pessimistic agents," PSE-Ecole d'économie de Paris (Postprint) halshs-01336882, HAL.
- Aloisio Araujo & Jean-Marc Bonnisseau & Alain Chateauneuf & Rodrigo Novinski, 2017. "Optimal sharing with an infinite number of commodities in the presence of optimistic and pessimistic agents," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01336882, HAL.
- Burke, Jonathan L., 2000. "General Equilibrium When Economic Growth Exceeds Discounting," Journal of Economic Theory, Elsevier, vol. 94(2), pages 141-162, October.
- Tarek Coury & Emanuela Sciubba, 2012.
"Belief heterogeneity and survival in incomplete markets,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(1), pages 37-58, January.
- Tarek Coury & Emanuela Sciubba, 2006. "Belief Heterogeneity and Survival in Incomplete Markets," Birkbeck Working Papers in Economics and Finance 0613, Birkbeck, Department of Economics, Mathematics & Statistics.
- Araujo, Aloisio & Novinski, Rodrigo & Páscoa, Mário R., 2011. "General equilibrium, wariness and efficient bubbles," Journal of Economic Theory, Elsevier, vol. 146(3), pages 785-811, May.
- Florenzano, Monique & Gourdel, Pascal, 1993.
"Incomplete markets in infinite horizon : debt constraints versus node prices,"
CEPREMAP Working Papers (Couverture Orange)
9329, CEPREMAP.
- Florenzano, M. & Gourdel, P., 1994. "Incomplete Markets in Infinite Horizon: Debt Constraints Versus Node Prices," Papiers d'Economie Mathématique et Applications 94.76, Université Panthéon-Sorbonne (Paris 1).
- Gourdel, Pascual & Florenzano, Monique, 1995. "Incomplete markets in infinite horizon: debt constraints versus node prices," UC3M Working papers. Economics 3904, Universidad Carlos III de Madrid. Departamento de EconomÃa.
More about this item
Keywords
Infinite horizon exchange economy; Pareto optimality; non-discounting preferences;All these keywords.
JEL classification:
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:yor:yorken:12/29. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Paul Hodgson (email available below). General contact details of provider: https://edirc.repec.org/data/deyoruk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.