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.
- Overlapping-generations economies
- Strong optimality
ASJC Scopus subject areas
- Economics and Econometrics
- Applied Mathematics