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Determinacy of Equilibrium in an Overlapping Generations Model with Heterogenous Agents

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Author Info
Nourry, C.
Vendetti, A.

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Abstract

We consider the determinacy of perfect foresight equilibrium near a steady state in an overlapping generations model with production and both altruistic and non altruistic agents having distinct utility functions. The proportions of each type of consumers is exogenously given. Such a model may be interpreted as both a particular case and an extension of the one considered by Muller and Woodford(1988) in which both finite and infinite lived agents coexist.

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Publisher Info
Paper provided by Universite Aix-Marseille III in its series G.R.E.Q.A.M. with number 98a02.

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Length: 33 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:fth:aixmeq:98a02

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Related research
Keywords: ECONOMIC EQUILIBRIUM ; GENERATIONS;

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Find related papers by JEL classification:
C62 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Existence and Stability Conditions of Equilibrium
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving
O21 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

Cited by:
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  1. Michel, Philippe & Pestieau, Pierre, 2004. "Fiscal Policy with Agents Differing in Altruism and in Ability," CEPR Discussion Papers 4254, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  2. Orlando Gomes, 2004. "Heterogeneous Researchers in a Two-Sector Representative Consumer Economy," GE, Growth, Math methods 0409009, EconWPA. [Downloadable!]
    Other versions:
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