Equilibria in the economy model with overlapping generations of investors
A. V. Sidorovab
a S. L. Sobolev Institute of Mathematics, SB RAS, Novosibirsk, Russia
b Novosibirsk State University, Novosibirsk, Russia
In the paper, the study of the economy model with endogeneous investment is continued in the situation when investment process is time-unbounded and investors (alias consumers) form overlapping generations. As opposed to previously considered cases, the consumption space is infinite dimensional, though for each specified generation the accessible goods form a finite set. Existence of an equilibrium price trajectory as well as an equilibrium inter-temporal allocation is proved, which are obtained as limits of convergent sequences in the weak topology of infinite dimensional real space. Bibl. 7.
competitive equilibrium, overlapping generations, endogeneous investment, discounted value, weak convergence.
PDF file (345 kB)
A. V. Sidorov, “Equilibria in the economy model with overlapping generations of investors”, Diskretn. Anal. Issled. Oper., 17:3 (2010), 61–83
Citation in format AMSBIB
\paper Equilibria in the economy model with overlapping generations of investors
\jour Diskretn. Anal. Issled. Oper.
Citing articles on Google Scholar:
Related articles on Google Scholar:
|Number of views:|