Overlapping generations models with incomplete markets

Monique Florenzano, Pascal Gourdel, Mário Rui Páscoa

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

This paper addresses existence of equilibria for an overlapping generations exchange economy with incomplete markets, one-period real assets and bounded short sales, defined on an infinite event-tree where there is a continuum of branches at each node of the tree. The demographic structure used in the paper is quite general and allows for infinite-lived as well as finite-lived agents.

Original languageEnglish
Pages (from-to)201-218
Number of pages18
JournalJournal of Mathematical Economics
Volume36
Issue number3
DOIs
Publication statusPublished - 1 Dec 2001

Keywords

  • Continuum of states
  • D 52
  • D 91
  • Incomplete markets
  • Overlapping generations

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