Existence of Nash Equilibrium Programs of Capital Accumulation Under Altruistic Preferences: The Continuous Time Case
Research & Publications
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
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.