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An overlapping generations model core equivalence theorem

Aliprantis, Charalambos D. and Burkinshaw, Owen (1990) An overlapping generations model core equivalence theorem. Journal of Economic Theory, 50 (2). pp. 362-380. ISSN 0022-0531. https://resolver.caltech.edu/CaltechAUTHORS:20170906-082110673

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Abstract

We show that in the overlapping generations model an allocation is a Walrasian equilibrium if and only if the allocation belongs to the short-term core of every replication of the OLG economy—and hence, we establish a core equivalence theorem for the overlapping generations model.


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https://doi.org/10.1016/0022-0531(90)90008-8DOIArticle
http://www.sciencedirect.com/science/article/pii/0022053190900088PublisherArticle
http://resolver.caltech.edu/CaltechAUTHORS:20170901-161157147Related ItemWorking Paper
Additional Information:© 1990 Elsevier Inc. Received July 12, 1988; revised June 25. 1989. We thank D. J. Brown and an anonymous referee for their constructive comments on an earlier version of this paper. Research of both authors was supported in part by a Chrysler Corporation grant to IUPUI.
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Chrysler CorporationUNSPECIFIED
Issue or Number:2
Record Number:CaltechAUTHORS:20170906-082110673
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20170906-082110673
Official Citation:Charalambos D Aliprantis, Owen Burkinshaw, An overlapping generations model core equivalence theorem, Journal of Economic Theory, Volume 50, Issue 2, 1990, Pages 362-380, ISSN 0022-0531, http://dx.doi.org/10.1016/0022-0531(90)90008-8. (http://www.sciencedirect.com/science/article/pii/0022053190900088)
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ID Code:81176
Collection:CaltechAUTHORS
Deposited By: Ruth Sustaita
Deposited On:06 Sep 2017 16:59
Last Modified:03 Oct 2019 18:39

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