An overlapping generations model with a storage technology

Yasuo Maeda

Journal of Economic Theory, 1992, vol. 57, issue 1, 237-244

Abstract: This paper studies a stationary, pure exchange overlapping generations model with a storage technology. It is shown that there exists an equilibrium with valued fiat money in which storage technologies bear a higher rate of return than fiat money, and agents invest strictly positive amounts in storage technologies.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:57:y:1992:i:1:p:237-244

DOI: 10.1016/S0022-0531(05)80051-1

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