An integral equation representation for overlapping generations in continuous time
نویسنده
چکیده
This paper develops a method for solving for the dynamic general equilibrium of a deterministic continuous time overlapping generations model with a finite-horizon life-cycle. The model has isoelastic preferences and allows for general assumptions about individual endowments and demographics. Solving for an equilibrium reduces to solving a nonlinear integral equation. In the special case of log utility, the integral equation is linear and global approximations to a solution are easily computed with linear algebra.
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 143 شماره
صفحات -
تاریخ انتشار 2008