Balanced cycles in an OLG model with a continuum of finitely-lived individuals
AbstractThis paper studies the intertemporal equilibrium of a barter economy populated with a continuum of finitely-lived overlapping generations. Assuming isoelastic preferences and zero endowments at the beginning and the end of the individual's Âlife-span, it proves the existence of an Hopf bifurcation and provides sufficient conditions on parameters for its occurrence.
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Bibliographic InfoArticle provided by Springer in its journal Economic Theory.
Volume (Year): 30 (2007)
Issue (Month): 1 (January)
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Web page: http://link.springer.de/link/service/journals/00199/index.htm
Other versions of this item:
- Hippolyte D'Albis & Emmanuelle Augeraud-Véron, 2007. "Balanced cycles in an OLG model with a continuum of finitely-lived individuals," Post-Print hal-00630229, HAL.
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
- D9 - Microeconomics - - Intertemporal Choice
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