IDEAS home Printed from https://ideas.repec.org/p/aub/autbar/416.98.html
   My bibliography  Save this paper

Overlapping Generations Economies and Symmetrical Economies under Extrinsic Uncertainty

Author

Listed:
  • Davila, J.

Abstract

The stationary structure of the simple overlapping generations economies is used to try to extend to the case with extrinsic uncertainty the characterizations of their stationary equilibria by means of symmetrical multiple equilibria of a related exchange economy in which the representative agent faces his mirror image. It is proved in this article that, although such a characterization exists in the deterministic case as was shown in Balasko-Ghiglino (1997) and Tuinstra-Wddepohl (1997), it cannot be robustly extended to economies with extrinsic uncertainty.

Suggested Citation

  • Davila, J., 1998. "Overlapping Generations Economies and Symmetrical Economies under Extrinsic Uncertainty," UFAE and IAE Working Papers 416.98, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  • Handle: RePEc:aub:autbar:416.98
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    UNCERTAINTY ; GENERATIONS ; ASYMETRIC INFORMATION;

    JEL classification:

    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aub:autbar:416.98. 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: (Xavier Vila). General contact details of provider: http://edirc.repec.org/data/ufuabes.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.