Existence of competitive equilibrium in a general overlapping-generations model

DOI10.1016/0022-0531(80)90014-9MaRDI QIDQ1150293zbMATH OpenOpenAlexFDO

Authors Yves Balasko, David Cass, Karl Shell

Publication date 1980

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(80)90014-9

zbMATH Keywords

complicated demographic structuresexistence of competitive equilibriumMcKenzie's concept of irreducibilityoverlapping-generations economy

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economic growth models (91B62)

Cites work

• scientific article; zbMATH DE number 3487161 (Why is no real title available?)
• The overlapping-generations model. I: The case of pure exchange without money

Cited in

(51)

• Parental altruism, life expectancy and dynamically inefficient equilibria
• Optimal steady-state in stationary consumption-loan type models
• Rational expectations in the overlapping generations model
• Stationary sunspot equilibria in an N commodity world
• Equilibria in Banach lattices without ordered preferences
• Optimality and monetary equilibria in stationary overlapping generations models with long-lived agents: Growth versus discounting
• Inactive transfer policies and efficiency in general overlapping- generations economies
• Short run core equivalence in an overlapping generations model
• On the existence of price equilibria in dynamic economies
• On competitive cycles in productive economies
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• Equilibria in exchange economies with a countable number of agents
• The overlapping-generations model. II. The case of pure exchange with money
• The overlapping-generations model. III. The case of log-linear utility functions
• Gross substitutability in large-square economies
• Endogenous strategic business cycles
• Expectations, (in)stability and (in)viability in realistic overlapping cohorts models
• Disequilibrium dynamics with naive agents in the overlapping generations model with money
• More on money as a medium of exchange
• On the existence of equilibria in economies with infinitely many agents and commodities. The direct system of economies
• Existence of equilibria in the overlapping generations model: The nontransitive case
• A note on the core of a monetary economy
• A complete characterization of Pareto optimality for general OLG economies.
• Market structure and competitive equilibrium in dynamic economic models
• Existence, uniqueness, and stability of equilibrium in an overlapping- generations model with productive capital
• Equilibrium existence in an overlapping generations model with altruistic preferences
• Quasi-equilibrium in economies with infinite dimensional commodity spaces: A truncation approach
• On exchange rates and efficiency
• Optimal policy in OG models
• Determinate perfect foresight forecasting in overlapping generations models
• A characterization of Markov equilibrium in stochastic overlapping generations models
• Local determinacy of prices in an overlapping generations model with continuous trading
• A note on the characterization of optimal allocations in OLG models with multiple goods
• Necessary and sufficient conditions for determinacy of asymptotically stationary equilibria in OLG models
• A CORRESPONDENCE-THEORETIC APPROACH TO DYNAMIC OPTIMIZATION
• Endogenous Retirement and Monetary Cycles
• Existence of equilibrium in OLG economies with increasing returns
• Equilibrium in dynamic models with an infinity of agents
• Equilibrium in dynamic models with an infinity of agents
• The rich are not like you and me: income, price dispersion, and consumption
• Existence and calculation of optimal monetary equilibria on overlapping generations economies
• Money, nonconvex preferences and the existence of equilibrium: A note
• Regularity in overlapping generations exchange economies
• No equilibrium in infinite economies: Two examples
• On the existence of Walrasian equilibrium in large-square economies
• A benchmark for comparative dynamics and determinacy in overlapping- generations economies
• Comparative dynamics in an overlapping-generations model: the effects of quasi-rational discrete choice on finding and maintaining Nash equilibrium
• Pareto optimality in continuous-time OLG economies
• Efficiency and prices in economies of overlapping generations
• Existence and uniqueness of steady-state equilibrium in a two-sector overlapping generations model
• A characterization of inefficiency in stochastic overlapping generations economies

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