A Stochastic Overlapping Generations Economy with Inheritance

I. Karatzas, Martin Shubik and W. Sudderth

Working Papers from Santa Fe Institute

Abstract: 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)
Date: 2000-04
New Economics Papers: this item is included in nep-dge
References: View references in EconPapers View complete reference list from CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: A Stochastic Overlapping Generations Economy with Inheritance (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wop:safiwp:00-04-023

Access Statistics for this paper

More papers in Working Papers from Santa Fe Institute Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().