Review of Economic Studies Vol. 54 No. 1 1987
Intertemporal Equilibrium and the Transfer Paradox
Abstract
The transfer paradox may occur in a world with only two countri es ata dynamically stable intertemporal competitive equilibrium. In a framework of overlapping generations with production and investment, a transfer of income may immiserize the recipient while enriching thedonor. Away from the golden ru le, a transfer may result in a Paretoimprovement.
- DOI
- 10.2307/2297450
- Volume
- 54
- Issue
- 1
- Pages
- 147
- Sources
- bibtex:phds-export.bib crossref openalex