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has been cited by the following article:
TITLE: Simple Analysis of Dynamic Efficiency in Endogenous Fertility
AUTHORS: Kazuki Hiraga
KEYWORDS: Dynamic (In)Efficiency, Overlapped Generations (OLG) Model, Endogenous Fertility
JOURNAL NAME: Theoretical Economics Letters, Vol.5 No.4, August 17, 2015
ABSTRACT: This paper compares with two conditions of dynamic (in)efficiency, which is “traditional” and “modified” in overlapped generations (OLG) model with endogenous fertility. We show that both two conditions of dynamic efficiency have a bliss point which maximizes the utility at steady state in endogenous fertility.