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].
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© 1989 Springer-Verlag Berlin Heidelberg
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Aliprantis, C.D., Brown, D.J., Burkinshaw, O. (1989). The Overlapping Generations Model. In: Existence and Optimality of Competitive Equilibria. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-21893-8_5
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DOI: https://doi.org/10.1007/978-3-662-21893-8_5
Publisher Name: Springer, Berlin, Heidelberg
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