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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/18801
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Kolmar, Martin | | en_US |
| dc.contributor.author | | Meier, Volker | | en_US |
| dc.date.accessioned | | 2009-01-28T15:52:59Z | | - |
| dc.date.available | | 2009-01-28T15:52:59Z | | - |
| dc.date.issued | | 2005 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/18801 | | - |
| dc.description.abstract | | In an environment with asymmetric information the implementation of a first-best efficient Clarke-Groves-Vickrey (D?Aspremont-Gérard-Varet) mechanism may not be feasible if it has to be self-financing. By using intergenerational transfers, the arising budget deficit can generally be covered in every generation if the growth rate of the economy is positive. This result yields an alternative explanation for the existence of pay-as-you-go financed transfer mechanisms. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | CESifo working papers 1437 | | en_US |
| dc.subject.jel | | H55 | | en_US |
| dc.subject.jel | | H23 | | en_US |
| dc.subject.jel | | D82 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | pay-as-you-go | | en_US |
| dc.subject.keyword | | externalities | | en_US |
| dc.subject.keyword | | mechanism design | | en_US |
| dc.subject.keyword | | adverse selection | | en_US |
| dc.subject.stw | | Umlageverfahren | | en_US |
| dc.subject.stw | | Privater Transfer | | en_US |
| dc.subject.stw | | Externer Effekt | | en_US |
| dc.subject.stw | | Generationenbeziehungen | | en_US |
| dc.subject.stw | | Adverse Selection | | en_US |
| dc.subject.stw | | Asymmetrische Information | | en_US |
| dc.subject.stw | | Pareto-Optimum | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Intra-generational externalities and inter-generational transfers | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 485158213 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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