Short run core equivalence in an overlapping generations model (Q1099760)
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scientific article; zbMATH DE number 4041574
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| English | Short run core equivalence in an overlapping generations model |
scientific article; zbMATH DE number 4041574 |
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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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0.9351840019226074
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0.9351840019226074
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0.8886291980743408
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0.8373131155967712
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0.8002928495407104
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