On efficient child making

被引：22

作者：

Michel, Philippe

Wigniolle, Bertrand

机构：

[1] Univ Paris 01, EUREQua, Maison Sci Econ, F-75647 Paris 13, France

[2] Univ Mediterranee, GREQAM, Marseille, France

[3] Univ Paris 01, Ctr Econ Sorbonne, F-75231 Paris, France

来源：

ECONOMIC THEORY | 2007年 / 31卷 / 02期

关键词：

endogenous fertility; Pareto-efficiency;

D O I：

10.1007/s00199-006-0099-1

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper is devoted to the study of the Pareto-efficiency of the competitive equilibrium for an overlapping generations economy with endogenous fertility. Pareto-efficiency needs a reformulation when fertility is endogenous. Then it is proved that a competitive equilibrium that converges in over-accumulation is non-Pareto-efficient. However, we provide an example in which a competitive equilibrium that converges in under-accumulation is non-Pareto-efficient. Finally, we give a general condition that ensures the Pareto-efficiency of the competitive equilibrium.

引用

页码：307 / 326

页数：20

共 14 条

[1]

Becker G. S., 1960, EC ANAL FERTILITY DE

[2] A REFORMULATION OF THE ECONOMIC-THEORY OF FERTILITY [J].