Overlapping generations games with growing payoffs

Chihiro Morooka

Economics Letters, 2021, vol. 207, issue C

Abstract: We model n-person overlapping generations games with growing payoffs, the situation of which is considered as an economic growth. We show that each player can obtain his maximum one-shot payoff in equilibria.

Keywords: Overlapping generations game; Growing economy; Intertemporal trade; Folk theorem; Multidimensional rectangle; Pension scheme (search for similar items in EconPapers)
JEL-codes: C72 C73 D64 E31 H55 O43 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:207:y:2021:i:c:s0165176521002822

DOI: 10.1016/j.econlet.2021.110005

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