The Social Viability of Money
Joan Esteban
Broschiertes Buch

The Social Viability of Money

Competitive Equilibria and the Core of Overlapping Generations Economies

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In this book overlapping generations economies are analysedfrom a game theoretical point of view and the socialacceptability of consumption allocations is studied ininfinite horizon models of pure exchange economieswithagents with finite lifetimes who behave cooperatively. Thecore of such economies and its relation with competitiveequilibria, both walrasian and monetary and the essentialcharacteristics of the overlapping generations model areexamined.The author defines the problem of trust in intertemporalconsumption allocations as a question of belonging or not tothe core of economy and provi...