Short run core equivalence in an overlapping generations model (Q1099760): Difference between revisions
From MaRDI portal
Latest revision as of 16:20, 18 June 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Short run core equivalence in an overlapping generations model |
scientific article |
Statements
Short run core equivalence in an overlapping generations model (English)
0 references
1987
0 references
This essay establishes the equality between the set of competitive equilibrium allocations and the set of allocations which belong to the cores of a sequence of short run economies for an overlapping generations model. A short run economy is a finite period economy obtained by truncating the original economy so that the truncated economy is irreducible.
0 references
competitive equilibrium allocations
0 references
cores
0 references
sequence of short run economies
0 references
overlapping generations model
0 references
