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• W2026907384 abstract "We present a continuous time overlapping generations model for an endowment Arrow-Debreu economy with an age-structured population. For an economy with a balanced growth path, we prove that Arrow-Debreu equilibrium prices exist, and their dynamic properties are age-dependent. Our model allows for an explicit dependence of prices on critical age-specific endowment parameters. We show that, if endowments are distributed earlier than some critical age, then speculative bubbles for prices do exist." @default.
• W2026907384 created "2016-06-24" @default.
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• W2026907384 date "2006-10-31" @default.
• W2026907384 modified "2023-09-27" @default.
• W2026907384 title "Equilibrium price dynamics in an overlapping-generations exchange economy" @default.
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