Intergenerational Political Economy (A Game Theoretic Model of How to Glue the Generations Together),
YALE UNIV NEW HAVEN CT COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
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The purpose of this paper is to show that if reasonable care is taken in well-defining the types of games of strategy which arise naturally from considerations of the multigenerational aspects of any economy then many different plausible explanations of intergenerational links will all be consistent with a stationary economy with intergenerational transfers of wealth. Which of the models or blends of the models is the best appears to be more of an empirical rather than theoretical question.
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