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Population growth and optimality

When does serendipity hold?

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Abstract

This note gives the conditions under which there is an interior optimum rate of population growth in a two-generations-overlapping model. These conditions imply complementarity both in production and in consumption. They also validate Samuelson's serendipity theorem.

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Authors and Affiliations

  1. Centre de Mathématiques Economiques, University of Paris I, 12, Place du Panthéon, 15231, Paris, France

    Ph. Michele

  2. Department of Economics, Core and University of Liège, Boulevard du Rectorat 7, B-4000, Liège, Belgium

    P. Pestieau

Authors
  1. Ph. Michele
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  2. P. Pestieau
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Michele, P., Pestieau, P. Population growth and optimality. J Popul Econ 6, 353–362 (1993). https://doi.org/10.1007/BF00599043

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  • DOI: https://doi.org/10.1007/BF00599043

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