Author: Julio DávilaPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Time Reversibility and Extrinsic Uncertainty in Overlapping Generations Economies
Author: Julio DávilaTime and Uncertainty in Overlapping Generations Economies
Author: Julio DávilaTime and Uncertainty in Overlapping Generations Economies
Author: Julio DávilaOverlapping Generations Economies and Symmetrical Economies Under Extrinsic Uncertainty
Author: Julio DávilaTIME AND UNCERTAINTY IN OVERLAPPING GENERATION ECONOMIES
Author: Julio DAVILAContents of Recent Economics Journals
Author: Overlapping-generations Economies Under Uncertainty
Author: Martin HellwigPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
The paper gives conditions for effi ciency and ineffi ciency of equilibrium allocations in an overlapping-generations model with a constant rate of population growth and with multiple assets, but without labour. Optimal portfolio choice implies that, for any period and history up to that period, the conditional certainty equivalents of the one-period-ahead marginal rates of return must be the same for all assets that are held in positive amounts. The effi ciency or ineffi ciency of equilibrium allocations depends on whether this common conditional certainty equivalent of returns on assets is larger or smaller than the population growth rate. If the growth rate is uncertain, the standard of comparison is the certainty equivalent of the population growth rate when interpreted as a marginal rate of return on an asset.
Overlapping Generations
Author: Stephen E. SpearPublisher: 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.
Journal of Economic Theory
Author: PennsylvaniaPublisher:
ISBN:
Category : Economics
Languages : en
Pages : 1032
Book Description
Existence Proofs in Overlapping Generations Models with Intrinsic Uncertainty
Author: Stephen BurnellPublisher:
ISBN:
Category : Money market
Languages : en
Pages :
Book Description