Local determinacy of prices in an overlapping generations model with continuous trading

B-Tier
Journal: Journal of Mathematical Economics
Year: 2015
Volume: 58
Issue: C
Pages: 16-24

Authors (3)

d’Albis, Hippolyte (not in RePEc) Augeraud-Véron, Emmanuelle (Université de Bordeaux) Hupkes, Hermen Jan (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We characterize the determinacy properties of the intertemporal equilibrium for a continuous-time, pure-exchange, overlapping generations economy with logarithmic preferences. Using recent advances in the theory of functional differential equations, we show that the equilibrium is locally unique and that prices converge to a balanced growth path and are determined.

Technical Details

RePEc Handle
repec:eee:mateco:v:58:y:2015:i:c:p:16-24
Journal Field
Theory
Author Count
3
Added to Database
2026-01-24