Existence of Equilibria in the Overlapping Generations Model: The Nontransitive Case.

B-Tier
Journal: Economic Theory
Year: 1994
Volume: 4
Issue: 2
Pages: 217-35

Authors (3)

Cherif, Imed (not in RePEc) Deghdak, Messaoud (not in RePEc) Florenzano, Monique

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

This paper investigates the existence of competitive equilibria in dynamic exchange models with countably many periods and countably many agents. At each period the commodity space can be finite or infinite dimensional. The preferences of agents are not assumed to be transitive or complete. A first equilibrium existence theorem is established under the classical assumption that there exists a finite set of non-negligible agents. In the particular case of an overlapping generations model, a second existence theorem allows simultaneously for finite-lived assets and infinite-lived assets and limits the previous assumption to infinite-lived assets. This theorem covers obviously the standard case of an overlapping generations model where the agents have no endowment outside their lifetime.

Technical Details

RePEc Handle
repec:spr:joecth:v:4:y:1994:i:2:p:217-35
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25