An integral equation representation for overlapping generations in continuous time

Chris Edmond ()

Journal of Economic Theory, 2008, vol. 143, issue 1, pages 596-609

Abstract: This paper develops a method for solving for the dynamic general equilibrium of a deterministic continuous time overlapping generations model with a finite-horizon life-cycle. The model has isoelastic preferences and allows for general assumptions about individual endowments and demographics. Solving for an equilibrium reduces to solving a nonlinear integral equation. In the special case of log utility, the integral equation is linear and global approximations to a solution are easily computed with linear algebra.

Keywords: Overlapping; generations; Continuous; time; Life-cycle; Intertemporal; prices (search for similar items in EconPapers)
Date: 2008

Downloads: (external link)
http://www.sciencedirect.com/science/article/B6WJ3 ... 5150cca99d831312943a
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:eee:jetheo:v:143:y:2008:i:1:p:596-609

Access Statistics for this article

Journal of Economic Theory is edited by A. Lizzeri and K. Shell

More articles in Journal of Economic Theory from Elsevier
Series data maintained by Heidi Boesdal ().