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- Cass_criterion abstract "The Cass Criterion is a central result in theory of overlapping generations models in economics. It is named after David Cass.A major feature which sets overlapping generations models in economics apart from the standard model with a finite number of infinitely lived individuals is that the First welfare theorem might not hold, that is competitive equilibria may be not be Pareto optimal.If represents the vector of Arrow–Debreu commodity prices prevailing in period then a competitive equilibrium allocation is inefficient if and only if .".
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- Cass_criterion subject Category:Economics_models.
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- Cass_criterion type CausalAgent100007347.
- Cass_criterion type EconomicsModels.
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- Cass_criterion comment "The Cass Criterion is a central result in theory of overlapping generations models in economics.".
- Cass_criterion label "Cass criterion".
- Cass_criterion label "Cass criterion".
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- Cass_criterion sameAs Q8342075.
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- Cass_criterion wasDerivedFrom Cass_criterion?oldid=547612450.
- Cass_criterion isPrimaryTopicOf Cass_criterion.