Balanced cycles in an OLG model with a continuum of finitely-lived individuals

Hippolyte d'Albis and Emmanuelle Augeraud-Véron

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Abstract: 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.; Hopf Bifurcation (search for similar items in EconPapers)
Date: 2007
Note: View the original document on HAL open archive server: https://hal.science/hal-00630229v1
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Citations: View citations in EconPapers (21)

Published in Economic Theory, 2007, 30 (1), pp.181-186. ⟨10.1007/s00199-005-0043-9⟩

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Journal Article: Balanced cycles in an OLG model with a continuum of finitely-lived individuals (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00630229

DOI: 10.1007/s00199-005-0043-9

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