Manifolds of golden rule and balanced steady state equilibria
AbstractWe show that the set of balanced steady state (resp. golden rule) equilibria, parameterized by endowments, of stationary overlapping-generations economies are smooth manifolds diffeomorphic to Euclidean spaces. These properties extend similar properties of the Walrasian equilibria and enable one to apply the natural projection approach to the study of these equilibria.
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Bibliographic InfoArticle provided by Springer in its journal Economic Theory.
Volume (Year): 11 (1998)
Issue (Month): 2 ()
Note: Received: October 30, 1995; revised version: October 10, 1996
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- Balasko, Yves, 1999. "Markets for Composite Goods," Journal of Economic Theory, Elsevier, vol. 88(2), pages 310-339, October.
- Christian Ghiglino & François Duc, 2004. "Expectations in an OG Economy," Research Papers by the Department of Economics, University of Geneva 2004.10, Département des Sciences Économiques, Université de Genève.
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