ISSN:
1617-7134
Keywords:
overlapping generations
;
general equilibrium
;
cycles
;
D51
;
D90
;
E32
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract We show that equilibrium cycles in an overlapping-generations model are equivalent to asymmetric equilibria in a general-equilibrium model. We use this equivalence to find equilibrium cycles in the overlapping-generations model with two and three generations, respectively. For the example with two generations we show that for certain parameter values cycles of all periods occur.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01224768