Short run core equivalence in an overlapping generations model (Q1099760): Difference between revisions
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Revision as of 00:35, 20 March 2024
scientific article
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| English | Short run core equivalence in an overlapping generations model |
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Short run core equivalence in an overlapping generations model (English)
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1987
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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.
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competitive equilibrium allocations
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cores
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sequence of short run economies
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overlapping generations model
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