Local determinacy of prices in an overlapping generations model with continuous trading
d’Albis, Hippolyte,
Emmanuelle Augeraud-Véron and
Hermen Jan Hupkes
Authors registered in the RePEc Author Service: Hippolyte d'Albis
Journal of Mathematical Economics, 2015, vol. 58, issue C, 16-24
Abstract:
We characterize the determinacy properties of the intertemporal equilibrium for a continuous-time, pure-exchange, overlapping generations economy with logarithmic preferences. Using recent advances in the theory of functional differential equations, we show that the equilibrium is locally unique and that prices converge to a balanced growth path and are determined.
Keywords: Overlapping generations models; Local dynamics; Existence; Determinacy; Functional differential equations (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0304406815000178
Full text for ScienceDirect subscribers only
Related works:
Working Paper: Local determinacy of prices in an overlapping generations model with continuous trading (2015)
Working Paper: Local determinacy of prices in an overlapping generations model with continuous trading (2015)
Working Paper: Local determinacy of prices in an overlapping generations model with continuous trading (2015)
Working Paper: Local Determinacy of Prices in an Overlapping Generations Model with Continuous Trading (2014) 
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: https://EconPapers.repec.org/RePEc:eee:mateco:v:58:y:2015:i:c:p:16-24
DOI: 10.1016/j.jmateco.2015.03.001
Access Statistics for this article
Journal of Mathematical Economics is currently edited by Atsushi (A.) Kajii
More articles in Journal of Mathematical Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().