On stationary 3-period overlapping generations models
type: Item
instance of: scholarly article
title: On stationary 3-period overlapping generations models
zbMATH Open document ID: 0656.90022
DOI: 10.1016/0022-0531(88)90139-1
author: Benyamin Shitovitz
published in: Journal of Economic Theory
publication date: 1988-01-01T00:00:00Z
review text: 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.
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 91B50
zbMATH DE Number: 4072667
zbMATH Keywords: stationary overlapping generations economy
zbMATH Keywords: Pareto optimal stationary competitive equilibrium
MaRDI profile type: Publication
full work available at URL: 0022-0531(88)90139-1
OpenAlex ID: W1986186141
cites work: The overlapping-generations model. I: The case of pure exchange without money
cites work: The overlapping-generations model. II. The case of pure exchange with money
cites work: On the Efficiency of a Competitive Equilibrium in Infinite Horizon Monetary Economies
cites work: On stationary overlapping generations models
cites work: Optimal steady-state in stationary consumption-loan type models
description: scientific article; zbMATH DE number 4072667