标题：A note on the characterization of optimal allocations in OLG models with multiple goods (December 2014, revised July 2015). Old title: A note on the characterization of optimal allocations in OLG economies with multiple goods
期刊名称：Documents de Travail du Centre d'Economie de la Sorbonne
印刷版ISSN：1955-611X
出版年度：2015
出版社：Centre d'Economie de la Sorbonne
摘要：We consider a pure exchange overlapping generations economy with a varying number of commodities and consumers per period having possibly non-complete non transitive preferences. We provide a geometric and direct proof of the Balasko-Shell characterization of Pareto optimal allocation. As a by-product, we compute an explicit Pareto improving transfer when the criterion is not satisfied, which is minimal for some suitable distance.
关键词：Overlapping generations model; non complete non transitive preferences; normal cone; equilibrium; Pareto optimality
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