On competitive cycles in productive economies (Q1111451)
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scientific article; zbMATH DE number 4074769
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On competitive cycles in productive economies |
scientific article; zbMATH DE number 4074769 |
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On competitive cycles in productive economies (English)
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1988
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An overlapping generations economy with production is considered. The consumers live two periods and have utility functions which are separable in labor and good. The technology is described through a neoclassical production function. An intertemporal competitive equilibrium with perfect foresight is defined. The conditions are given for the existence of two types of cyclical equilibria near the golden rule steady states.
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overlapping generations economy with production
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neoclassical production function
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intertemporal competitive equilibrium
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perfect foresight
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cyclical equilibria
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golden rule steady states
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