DEMICHELIS, Stefano; POLEMARCHAKIS, Heracles - Center for Operations Research and Econometrics (CORE), … - 2000
individuals need not depend continuously on time. With continuous time, equilibrium paths of prices are smooth; this, even for … periods in the life-span of individuals increases, equilibrium paths converge to the continuous time solutions. If time … extends infinitely into the infinite past as well as into the infinite future, in continuous time, all non …