Comparative Statics and Local Indeterminacy in OLG Economies: An Application of the Multiplicative Ergodic Theorem

John Geanakoplos () and Donald Brown ()
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John Geanakoplos: Cowles Foundation, Yale University, https://economics.yale.edu/people/faculty/john-geanakoplos

No 773, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: This study is an effort to give a simple measure of the local size of the equilibrium set of OLG economies in which there may be more than one good and more than one consumer per period, and in which the generations may differ across time.

Keywords: OLG economics; overlapping generations; equilibrium (search for similar items in EconPapers)
Pages: 34 pages
Date: 1985-10
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Citations: View citations in EconPapers (10)

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