Local determinacy of prices in an overlapping generations model with continuous trading
Idioma
EN
Article de revue
Este ítem está publicado en
Journal of Mathematical Economics. 2015-05-01, vol. 58, p. 16-24
Resumen en inglés
We characterize the determinacy properties of the intertemporal equilibrium for a continuous-time, pure-exchange, overlapping generations economy with logarithmic preferences. Using recent advances in the theory of functional ...Leer más >
Palabras clave en inglés
Overlapping generations models
Local dynamics
Existence
Determinacy
Functional differential equations