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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

Competitive Equilibrium Inductive Limit Riesz Space Initial Endowment Walrasian Equilibrium 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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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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