Balanced cycles in an OLG model with a continuum of finitely-lived individuals (Q852330): Difference between revisions
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Balanced cycles in an OLG model with a continuum of finitely-lived individuals |
scientific article |
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Balanced cycles in an OLG model with a continuum of finitely-lived individuals (English)
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29 November 2006
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This paper deals with the intertemporal equilibrium of a barter economy populated with a continuum of finitely-lived overlapping generations. Assuming isoelastic preferences and zero endowments at the beginning and the end of the individuals' life-span, it proves the existence of an Hopf bifurcation and provides sufficient conditions on parameters for its occurrence.
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overlapping-generations models
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mixed-type functional differential equations
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endogenous fluctuations
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Hopf bifurcation
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