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Continuous-Time Overlapping Generations Models

Author

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  • Hippolyte d'Albis

    (LERNA - Economie des Ressources Naturelles - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - INRA - Institut National de la Recherche Agronomique - CEA - Commissariat à l'énergie atomique et aux énergies alternatives)

  • Emmanuelle Augeraud-Véron

    (MIA - Mathématiques, Image et Applications - EA 3165 - ULR - La Rochelle Université)

Abstract

Age structured populations are studied in economics through overlapping generations models. These models allow for a realistic characterization of life-cycle behaviors and display intertemporal equilibrium that are not necessarily efficient. This article uses the latest developments in continuous time overlapping generations models to show the influence of the vintage structure of the population on the volatility of intertemporal prices. Permanent cycles can be found on the neighborhood of steady-states while the transitional dynamics are generically governed by short run fluctuations.

Suggested Citation

  • Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2011. "Continuous-Time Overlapping Generations Models," Post-Print hal-00424799, HAL.
    • Handle: RePEc:hal:journl:hal-00424799
    Note: View the original document on HAL open archive server: https://hal.science/hal-00424799
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    References listed on IDEAS

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    1. Visite guidée au coeur des travaux du Meilleur jeune économiste 2012 (2/2)
      by Matthieu Solignac in Regards croisés sur l'économie on 2012-06-11 03:05:40

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    Cited by:

    1. Hippolyte d'Albis & Emmanuelle Augeraud-Véron, 2013. "Frequency of trade and the determinacy of equilibrium in economies of overlapping generations," International Journal of Economic Theory, The International Society for Economic Theory, vol. 9(1), pages 85-100, March.
    2. d’Albis, Hippolyte & Augeraud-Véron, Emmanuelle & Hupkes, Hermen Jan, 2014. "Stability and determinacy conditions for mixed-type functional differential equations," Journal of Mathematical Economics, Elsevier, vol. 53(C), pages 119-129.
    3. Can Askan Mavi, 2019. "What can catastrophic events tell us about sustainability?," Post-Print halshs-02142121, HAL.

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    More about this item

    Keywords

    overlapping generations; continuous time; life-cycle; intertemporal prices.; intertemporal prices;
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