A Stochastic Overlapping Generations Economy with Inheritance
Martin Shubik and
Working Papers from Santa Fe Institute
An overlapping generations model of an exchange economy is considered, with individials having a fininte expected life-span. As the model is designed to be a fully playable game, conditions concerning birth, death, inheritance and bequests are fully specified.
Keywords: Overlapping generations; inheritance; dynasmic programming; strategic market games; stationary Markov equilibrium. (search for similar items in EconPapers)
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Working Paper: A Stochastic Overlapping Generations Economy with Inheritance (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:wop:safiwp:00-04-023
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