Appendix B. Overlapping Generations

András Simonovits
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András Simonovits: Hungarian Academy of Sciences

A chapter in Mathematical Methods in Dynamic Economics, 2000, pp 240-252 from Palgrave Macmillan

Abstract: Abstract This Appendix investigates the interaction of two generations at any given time: the young and the old trade with each other. We shall confine our attention to a closed exchange economy where output is equal to consumption and there is neither capital accumulation nor output storage. This Appendix is a simplified and revised version of Gale (1973, Part I).

Keywords: Utility Function; Golden Rule; Overlap Generation; Balance Steady State; Optimal Steady State (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51353-2_13

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DOI: 10.1057/9780230513532_13

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