An integral equation representation for overlapping generations in continuous time

Chris Edmond

Journal of Economic Theory, 2008, vol. 143, issue 1, 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
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Citations: View citations in EconPapers (10)

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

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