1995•Journal of Economic TheoryOpen access

Structure of Pareto Optima When Agents Have Stochastic Recursive Preferences

Rui Kan

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Abstract

A recursive method is given for constructing all Pareto optimal allocations for a dynamic economy under Markov certainty in which consumer preferences are recursive. Journal of Economic Literature Classification Numbers: C60, D50.

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A recursive method is given for constructing all Pareto optimal allocations for a dynamic economy under Markov certainty in which consumer preferences are recursive. Journal of Economic Literature Classification Numbers: C60, D50.

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OpenAlex reports 35 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

A recursive method is given for constructing all Pareto optimal allocations for a dynamic economy under Markov certainty in which consumer preferences are recursive. Journal of Economic Literature Classification Numbers: C60, D50.

Key concepts: Pareto optimal, Pareto principle, Certainty, Mathematical optimization, Mathematical economics, Markov chain, Economics, Markov process

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