Existence of steady – state equium in an overlapping-generations model with production

被引：0

作者：

Hideo Konishi

Fernando Perera-Tallo

机构：

[1] Department of Economics,

[2] Southern Methodist University,undefined

[3] Dallas,undefined

[4] TX 75275-0496,undefined

[5] USA,undefined

[6] Innocenzo Gasparini Institute for Economic Research,undefined

[7] Abbazia di Mirasole,undefined

[8] I-20090 Opera (MI),undefined

[9] ITALY ,undefined

来源：

Economic Theory | 1997年 / 9卷 / 3期

关键词：

State Equilibrium; Production Technology; Capital Stock; Existence Theorem; State Equium;

D O I：

10.1007/s001990050140

中图分类号：

学科分类号：

摘要：

This paper establishes an existence theorem of a non-trivial (positive capital stock) steady–state equilibrium in Diamond’s (1965) overlapping-generations model with production by employing the steady–state consumption curve introduced in Ihori (1978). The assumptions on preferences and production technologies that ensure the existence of a nontrivial steady–state equilibrium are separated from each other, unlike in Galor and Ryder (1989). We also provide two simple examples which illustrate the importance of two conditions in the theorem.

引用

页码：529 / 537

页数：8