Existence of equilibrium on OLG economies with durable goods

Lalaina Rakotonindrainy

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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; existence (search for similar items in EconPapers)
JEL-codes: C62 D50 D62 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2014-05
New Economics Papers: this item is included in nep-dge, nep-gro and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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ftp://mse.univ-paris1.fr/pub/mse/CES2014/14046.pdf (application/pdf)

Related works:
Working Paper: Existence of equilibrium in OLG economies with durable goods (2014)
Working Paper: Existence of equilibrium in OLG economies with durable goods (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:14046

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