IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Où il est question d'Italo Calvino, de tulipes, de mariages et de quelques autres

Listed author(s):
  • Victor Ginsburgh

The author shows that it was neither Maurice Allais [1947] nor Paul Samuelson [1958] who “invented” the overlapping generations model, but the Italian writer Italo Calvino. In a short story written in 1944, all the basic elements where in place, and Calvino proves that not only, there exists an equilibrium, but also that this equilibrium is unstable to small exogenous shocks, such as an imported generation that is more honest than the existing ones. The model is extended to other situations such as the celebrated Dutch tulipmania and the Madoffmania, as well as to the stability, or rather, the instability of marriage. Classification JEL : B20, B22, B50, E13, Z11

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: free

File URL:
Download Restriction: free

Article provided by Presses de Sciences-Po in its journal Revue économique.

Volume (Year): 62 (2011)
Issue (Month): 4 ()
Pages: 765-772

in new window

Handle: RePEc:cai:recosp:reco_624_0765
Contact details of provider: Web page:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:cai:recosp:reco_624_0765. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.