Sustainable Plans
Bibliographic Data
| ID | 10176129 |
|---|---|
| Authors | V Chari (0000-0002-7425-8739), V V Chari, Patrick J Kehoe (0000-0001-5738-1236) |
| Year | 1990 |
| Volume | 98 |
| Issue | 4 |
| Pages | 783-802 |
| Publication date | 1990-08-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261706 |
| OpenAlex | W4239076923 |
| Language | EN |
| Citations received | 16 |
The authors propose a definition of time-consistent policy for infinite-horizon economies with competitive private agents. Allocations and policies are defined as functions of the history of past policies. A sustainable equilibrium is a sequence of history-contingent policies and allocations that satisfy certain sequential optimality conditions for the government and for private agents. The authors provide a complete characterization of the sustainable equilibrium outcomes for a variant of Stanley Fischer's model of capital taxation. They also relate their work to recent developments in the theory of repeated games. Copyright 1990 by University of Chicago Press
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| Unique citing works | 16 |
|---|---|
| Citations per year | 0,55 |
| Citation span | 1997 - 2025 (29) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 16 |