Strong optimality in OG economies: Convergence

Mich Tvede

doi:10.1016/S0304-4068(01)00053-2

Strong optimality in OG economies: Convergence

Mich Tvede

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

In the present paper, a double-ended, pure-exchange, overlapping-generations model is considered and economies with optimal endowments are studied. It is shown that if a sequence of economies converges uniformly to an economy with optimal endowments then their equilibria converge uniformly to the unique equilibrium of the economy with optimal endowments.

Original language	English (US)
Pages (from-to)	419-425
Number of pages	7
Journal	Journal of Mathematical Economics
Volume	35
Issue number	3
DOIs	https://doi.org/10.1016/S0304-4068(01)00053-2
State	Published - Jun 2001

Keywords

D51
D91
Endowments
Optimality
Overlapping-generations economies
Strong optimality

ASJC Scopus subject areas

Economics and Econometrics
Applied Mathematics

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10.1016/S0304-4068(01)00053-2

Cite this

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abstract = "In the present paper, a double-ended, pure-exchange, overlapping-generations model is considered and economies with optimal endowments are studied. It is shown that if a sequence of economies converges uniformly to an economy with optimal endowments then their equilibria converge uniformly to the unique equilibrium of the economy with optimal endowments.",

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KW - Endowments

KW - Optimality

KW - Overlapping-generations economies

KW - Strong optimality

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Strong optimality in OG economies: Convergence

Abstract

Keywords

ASJC Scopus subject areas

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