Economic Growth with Intergenerational Altruism
分析代际利他主义下经济增长模型的均衡行为，探讨均衡路径的周期性、收敛性，并证明纳什均衡在特定条件下是有效且修正帕累托最优的，但非传统帕累托最优。
We consider the properties of equilibrium behaviour in an aggregative growth model with intergenerational altruism. Various positive properties such as the cyclicity of equilibrium programs, and the convergence of equilibrium stocks to a steady state, are analyzed. Among other normative properties, it is established that under certain natural conditions, Nash equilibrium programs are efficient and "modified Pareto optimal" in a sense made clear in the paper, but never Pareto optimal in the traditional sense.