Equilibrium for overlapping generations in continuous time
成果类型：
Article
署名作者：
Burke, JL
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1996.0094
发表日期：
1996
页码：
364-390
关键词：
摘要：
We prove the existence of general equilibrium for continuous-time overlapping-generations models. Previous theorems exclude all non-linear C.E.S, and von Neumann- Morgenstern preferences and exclude production. Our primitive assumptions are satisfied by such preferences and by all Markovian production technologies satisfying Bewley's assumptions for Arrow-Debreu models provided that storage is possible, at some finite rate of depreciation and some positive capacity. A non-existence example shows our Markovian and storage assumptions cannot be dropped. (C) 1996 Academic Press, Inc.