Existence of equilibrium in OLG economies with durable goods

Lalaina Rakotonindrainy

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: We consider a standard pure exchange overlapping generations economy. The demographic structure consists of a new cohort of agents at each period with an economic activity extended over two successive periods. Our model incorporates durable goods that may be stored from one period to a successive period through a linear technology. In this model, we intend to study the mechanism of transfer between generations, and we show that the existence of an equilibrium can be established by considering an equivalent economy "without" durable goods, where the agents economic activity is extended over three successive periods.

Keywords: overlapping generations model; durable goods; irreducibility; equilibrium; Modèle à générations imbriquées; biens durables; irréductibilité; équilibre; existence (search for similar items in EconPapers)
Date: 2014-05
New Economics Papers: this item is included in nep-dge
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01021382v1
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Citations: View citations in EconPapers (4)

Published in 2014

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Related works:
Working Paper: Existence of equilibrium in OLG economies with durable goods (2014)
Working Paper: Existence of equilibrium on OLG economies with durable goods (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-01021382

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