An integral equation representation for overlapping generations in continuous time
AbstractThis paper develops a method for solving for the dynamic general equilibrium of a deterministic continuous time overlapping generations model with a finite-horizon life-cycle. The model has isoelastic preferences and allows for general assumptions about individual endowments and demographics. Solving for an equilibrium reduces to solving a nonlinear integral equation. In the special case of log utility, the integral equation is linear and global approximations to a solution are easily computed with linear algebra.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Theory.
Volume (Year): 143 (2008)
Issue (Month): 1 (November)
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Web page: http://www.elsevier.com/locate/inca/622869
Overlapping generations Continuous time Life-cycle Intertemporal prices;
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