Author: David Cass
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
Book Description
Equilibria with Incomplete Markets and Overlapping Generations
On Stationary Monetary Equilibria in Overlapping Generations Models with Incomplete Markets
Author: Piero Gottardi
Publisher:
ISBN:
Category : Economics
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category : Economics
Languages : en
Pages :
Book Description
EQUIVALENCE BETWEEN THE CORE AND THE SET OF COMPETITIVE EQUILIBRIA IN OVERLAPPING GENERATIONS AND INCOMPLETE MARKET WITH MANY AGENTS. A. OVERLAPPING GENERATIONS MODELS WITHOUT MONEY
Overlapping Generations
Author: Stephen E. Spear
Publisher: Emerald Group Publishing
ISBN: 1837530521
Category : Business & Economics
Languages : en
Pages : 261
Book Description
The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics, as opposed to the neoclassical growth model. The authors here explore the co-evolution of the two models.
Publisher: Emerald Group Publishing
ISBN: 1837530521
Category : Business & Economics
Languages : en
Pages : 261
Book Description
The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics, as opposed to the neoclassical growth model. The authors here explore the co-evolution of the two models.
Equivalence Between the Core and the Set of Competitive Equilibria in Overlapping Generations and Incomplete Market Models with Many Agents
Author: Yves Younes
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 26
Book Description
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 26
Book Description
Overlapping Generations Economies
Author: Mich Tvede
Publisher: Bloomsbury Publishing
ISBN: 1137075163
Category : Business & Economics
Languages : en
Pages : 250
Book Description
In the past two decades the overlapping generations (OG) model has become a dominant framework in macroeconomic analysis. This book provides a clear and self-contained introduction to OG economies. Starting with the existence of equilibrium and the optimality of allocations, the discussion then turns to properties of equilibria, including the existence of fluctuations and sunspot equilibria, ending with applications to the theories of exchange rates and endogenous growth. Throughout the book, OG economies are compared and contrasted with optimal growth economies. The presentation includes detailed proofs of results as well as illustrative examples. Growing out of research and teaching experience on the subject, the book is suitable for advanced students and researchers.
Publisher: Bloomsbury Publishing
ISBN: 1137075163
Category : Business & Economics
Languages : en
Pages : 250
Book Description
In the past two decades the overlapping generations (OG) model has become a dominant framework in macroeconomic analysis. This book provides a clear and self-contained introduction to OG economies. Starting with the existence of equilibrium and the optimality of allocations, the discussion then turns to properties of equilibria, including the existence of fluctuations and sunspot equilibria, ending with applications to the theories of exchange rates and endogenous growth. Throughout the book, OG economies are compared and contrasted with optimal growth economies. The presentation includes detailed proofs of results as well as illustrative examples. Growing out of research and teaching experience on the subject, the book is suitable for advanced students and researchers.
Stochastic Overlapping Generations Model with Incomplete Financial Markets L
General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
Author: Truman F. Bewley
Publisher: Harvard University Press
ISBN: 0674020928
Category : Business & Economics
Languages : en
Pages : 615
Book Description
This book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and overlapping generations models as special cases of the general equilibrium model. He uses the model and the first and second welfare theorems to explain the main ideas of insurance, capital theory, growth theory, and social security. It enables him to present a unified approach to portions of macro- as well as microeconomic theory. The book contains problems sets for most chapters.
Publisher: Harvard University Press
ISBN: 0674020928
Category : Business & Economics
Languages : en
Pages : 615
Book Description
This book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and overlapping generations models as special cases of the general equilibrium model. He uses the model and the first and second welfare theorems to explain the main ideas of insurance, capital theory, growth theory, and social security. It enables him to present a unified approach to portions of macro- as well as microeconomic theory. The book contains problems sets for most chapters.
STOCHASTIC OVERLAPPING GENERATIONS MODEL WITH INCOMPLETE FINANCIAL MARKETS L
Economic Dynamics and General Equilibrium
Author: Anders Borglin
Publisher: Springer Science & Business Media
ISBN: 3662051974
Category : Business & Economics
Languages : en
Pages : 407
Book Description
The developments of economic theory in the 1950s served to pinpoint important underlying assumptions in the study of market institutions. The conflict between observed institutions and the benchmark interpretation became apparent. This led to the introduction of new equilibrium concepts. The emphasis was on the possibilities to transfer purchasing power over time using spot markets involving assets or money. This advanced textbook focuses on the developments in the theory of incomplete markets and overlapping generations economies where income transfers over time are restricted either by available assets or by the unfeasibility of contracts with unborn generations. It bridges the gap between standard textbooks on microeconomics and more advanced expositions. Contains diagrams, examples and exercises.
Publisher: Springer Science & Business Media
ISBN: 3662051974
Category : Business & Economics
Languages : en
Pages : 407
Book Description
The developments of economic theory in the 1950s served to pinpoint important underlying assumptions in the study of market institutions. The conflict between observed institutions and the benchmark interpretation became apparent. This led to the introduction of new equilibrium concepts. The emphasis was on the possibilities to transfer purchasing power over time using spot markets involving assets or money. This advanced textbook focuses on the developments in the theory of incomplete markets and overlapping generations economies where income transfers over time are restricted either by available assets or by the unfeasibility of contracts with unborn generations. It bridges the gap between standard textbooks on microeconomics and more advanced expositions. Contains diagrams, examples and exercises.