Balanced cycles in an OLG model with a continuum of finitely-lived individuals

This paper studies the intertemporal equilibrium of a barter economy populated with a continuum of finitely-lived overlapping generations. Assuming isoelastic preferences and zero endowments at the beginning and the end of the individual's life-span, it proves the existence of an Hopf bifurcation and provides sufficient conditions on parameters for its occurrence.

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Year of publication:	2007
Authors:	D'Albis, Hippolyte ; Augeraud-Véron, Emmanuelle
Institutions:	HAL
Subject:	Overlapping-generations Models \| Mixed-type Functional Differential Equations \| Endogenous Fluctuations \| Hopf Bifurcation

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Language:	English
Notes:	View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00630229/en/ Published, Economic Theory, 2007, 30, 1, 181-186
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009322911