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Balanced cycles in an OLG model with a continuum of finitely-lived individuals
d'Albis, Hippolyte ()
Emmanuelle Augeraud-Véron Post-Print from HAL
This paper studies the intertemporal equilibrium of a barter economy populated with a continuum of finitely-lived overlapping generations. Assuming isoelastic preferences and zero endowments at the beginning and the end of the individual's life-span, it proves the existence of an Hopf bifurcation and provides sufficient conditions on parameters for its occurrence.
Keywords: Overlapping-generations Models; Mixed-type Functional Differential Equations; Endogenous Fluctuations; Hopf Bifurcation. (search for similar items in EconPapers)
Note: View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00630229/en/
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Published, Economic Theory, 2007, 30, 1, 181-186
Downloads: (external link) http://hal.archives-ouvertes.fr/docs/00/63/02/29/PDF/dalbis_veron.pdf (application/pdf)
Related works: Journal Article: Balanced cycles in an OLG model with a continuum of finitely-lived individuals (2007) Working Paper: Balanced Cycles in an OLG Model with a Continuum of Finitely-Lived Individuals (2007) This item may be available elsewhere in EconPapers: Search for items with the same title.
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Persistent link: http://EconPapers.repec.org/RePEc:hal:journl:hal-00630229
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