Existence of Nash Equilibrium Programs of Capital Accumulation Under Altruistic Preferences: The Continuous Time Case

01/09/1987

Existence of Nash Equilibrium Programs of Capital Accumulation Under Altruistic Preferences: The Continuous Time Case

Lahiri Somdeb

Working Papers

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This paper presents a general model of altruistic growth in continuous time, where agents' welfare are assumed separable in current consumption levels and levels of incremental consumption. We prove the existence of Nash Equilibrium Programs of Capital accumulation.

IIMA