Equilibria in an Overlapping Generations Model with Transfer Policies and Exogenous Growth
نویسندگان
چکیده
منابع مشابه
Equilibria in an Overlapping Generations Model with Transfer Policies and Exogenous Growth
For an overlapping generations economy with varying life-cycle productivity, non-stationary endowments, continuous time starting at −∞ (hence allowing for full anticipation), constant-returns-to-scale production and ces utility we fully characterise equilibria where output is higher than investment, which is strictly positive. Net assets (aggregate savings minus the value of the capital stock) ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2016808