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- W2164198725 abstract "In the present paper stationary pure-exchange overlapping generations economies with L goods per date and M consumers per generation are considered. It is shown that for an open and dense set of utility functions there exist endowment vectors such that N-cycles exist for N less than or equal to L 1 and L less than and equal to M. The approach to existence of endogenous fluctuations is basic in the sense that the prime ingredients are the implicit function theorem and linear algebra. Moreover the approach is applied to show that for an open and dense set of utility functions there exist endowment vectors such that sunspot equilibria, where prices at every date only depends on the state at that date, exist." @default.
- W2164198725 created "2016-06-24" @default.
- W2164198725 creator A5066781671 @default.
- W2164198725 date "2009-01-01" @default.
- W2164198725 modified "2023-09-26" @default.
- W2164198725 title "Fluctuations in Overlapping Generations Economies" @default.
- W2164198725 doi "https://doi.org/10.2139/ssrn.1370248" @default.
- W2164198725 hasPublicationYear "2009" @default.
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