On stationary 3-period overlapping generations models (Q1110437)
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scientific article; zbMATH DE number 4072667
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On stationary 3-period overlapping generations models |
scientific article; zbMATH DE number 4072667 |
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On stationary 3-period overlapping generations models (English)
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1988
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Consider a stationary overlapping generations economy, where each consumer lives for three periods. We establish, by means of an example, that it is possible that a stationary economy has no Pareto optimal stationary competitive equilibrium. This is to be contrasted with the 2- period overlapping generations model.
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stationary overlapping generations economy
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Pareto optimal stationary competitive equilibrium
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