Existence of Equilibria for Monetary Economies
This paper is concerned with the existence of monetary equilibria of overlapping generations economies. For the usual model of economies of this type, if money is normalized to have a unit value during each temporal period, the author's hypotheses are necessary to guarantee the compactness of the equilibrium price set. Copyright 1990 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
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Volume (Year): 31 (1990)
Issue (Month): 4 (November)
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