The Existence of Perfect Equilibria in a Model of Growth with Altruism between Generations
将消费与遗赠行为建模为代际博弈,证明有限和无限期界下完美纳什均衡的存在性,并刻画均衡策略特征,对研究代际转移和经济增长的学者有参考价值。
An intertemporal model of consumption and bequest behaviour is specified and analysed as a game between generations. The main feature of this game is that no a priori restrictions (like linearity) are placed on the strategy choice of generations. The paper gives an existence proof for perfect (Nash) equilibria in finite and infinite horizon versions of the model and determines characteristic properties of equilibrium strategies. The main result is to demonstrate existence of stationary perfect equilibrium if the time horizon is infinite.