Institut für Höhere Studien - Institute for Advanced Studies
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family allowances as pareto improvements
abstract: the present paper studies the equilibria of a simple overlapping generations model of pure exchange in which money is traded. there is a continuum of agents in each generation and population growth is endogenous via voluntary decisions on children . any monetary steady state has to satisfy the "golden rule" that the interest rate equals the growth rate. still such a monetary steady state is pareto-inefficient. it can be shown that there exists a transfer scheme in favor of those, who raise children, which pareto-improves upon any steady state.
modeling setup time minimizing scheduling rules in simnan
summary: in this paper three siman-modeling-alternatives for the scheduling rule "shortest setup time first" are presented. although the three models are completely different with regard to the programming concept, they yield exactly the same result, i. e. the same average setup time. furthermore a more sophisticated heuristic ("shortest relative setup time") is introduced, and its realization in siman is also shown.
wealth effects of public debt in open economies
abstract: the paper studies the long-run effects of public debt accumulation on the capital stock and private sector wealth in a two country overlapping generations model. numerical simulation methods are used to solve the model. quantitative as well as qualitative effects depend critically on the size and openness of countries, the values of taste and technology parameters, and the type of tax employed to finance interest payments on newly incurred public debt.