Existence, uniqueness, and stability of equilibrium in an OLG economy

B-Tier
Journal: Economic Theory
Year: 2003
Volume: 23
Issue: 1
Pages: 165-174

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

This paper presents sufficient conditions for the existence of a unique and globally stable steady state equilibrium for OLG economies with production. The conditions impose separate requirements on the utility and production functions. Moreover, the conditions do not require assumptions concerning the third order derivatives of the production and utility functions. Copyright Springer-Verlag Berlin/Heidelberg 2003

Technical Details

RePEc Handle
repec:spr:joecth:v:23:y:2003:i:1:p:165-174
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29