The Overlapping Generations Model

  • Charalambos D. Aliprantis
  • Donald J. Brown
  • Owen Burkinshaw

Abstract

In this final chapter, we turn to the other major paradigm in general equilibrium theory: the overlapping generations (OLG) model. The OLG models are extensions and elaborations of P. A. Samuelson’s celebrated pure consumption loan model [59]. Unlike the Arrow—Debreu model which has its genesis in the work of L. Walras [67], Samuelson’s model derives from I. Fisher’s classic monograph The Theory of Interest [28]. As such it shares its origins with the models of T. F. Bewley [16] and B. Peleg and M. E. Yaari [53].

Keywords

Hull Librium Topo 

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Copyright information

© Springer-Verlag Berlin Heidelberg 1989

Authors and Affiliations

  • Charalambos D. Aliprantis
    • 1
  • Donald J. Brown
    • 2
  • Owen Burkinshaw
    • 1
  1. 1.Department of Mathematical SciencesIUPUIIndianapolisUSA
  2. 2.Department of EconomicsStanford UniversityStanfordUSA

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