Fernandes, Ana - In: Macroeconomic Dynamics 16 (2012) 02, pp. 230-239
This paper presents a closed-form characterization of the allocation of resources in an overlapping generations model of two-sided, partial altruism. Three assumptions are made: (i) parents and children play Markov strategies, (ii) utility takes the CRRA form, and (iii) the income of children is...