25,232 research outputs found

    Efficiency with Endogenous Population Growth

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    In this paper, we generalize the notion of Pareto-efficiency to make it applicable to environments with endogenous populations. Two different efficiency concepts are proposed, P-efficiency and A-efficiency. The two concepts differ in how they treat people that are not born. We show how these concepts relate to the notion of Pareto efficiency when fertility is exogenous. We then prove versions of the first welfare theorem assuming that decision making is efficient within the dynasty. Finally, we give two sets of sufficient conditions for non-cooperative equilibria of family decision problems to be efficient. These include the Barro and Becker model as a special casePareto efficiency, endogenous fertility, first welfare theorem

    Notes on the description of join-distributive lattices by permutations

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    Let L be a join-distributive lattice with length n and width(Ji L) \leq k. There are two ways to describe L by k-1 permutations acting on an n-element set: a combinatorial way given by P.H. Edelman and R.E. Jamison in 1985 and a recent lattice theoretical way of the second author. We prove that these two approaches are equivalent. Also, we characterize join-distributive lattices by trajectories.Comment: 8 pages, 1 figur
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