On stationary 3-period overlapping generations models

Benyamin Shitovitz

doi:10.1016/0022-0531(88)90139-1

On stationary 3-period overlapping generations models

Benyamin Shitovitz

Department of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

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.

Original language	English
Pages (from-to)	402-408
Number of pages	7
Journal	Journal of Economic Theory
Volume	46
Issue number	2
DOIs	https://doi.org/10.1016/0022-0531(88)90139-1
State	Published - Dec 1988

ASJC Scopus subject areas

Economics and Econometrics

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On stationary 3-period overlapping generations models

Abstract

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