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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/26060
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| Title: | An Integral Equation Representation for Overlapping Generations in
Continuous Time |
| Authors: | Edmond, Chris |
| Keywords: | overlapping generations
continuous time
life-cycle
intertemporal prices |
| Issue Date: | Nov-2007 |
| Series/Report no.: | EC-07-30 |
| Abstract: | This paper develops a method for solving for the dynamic general
equilibrium of a deterministic continuous time overlapping generations
model with a finite-horizon life-cycle. The model has isoelastic
preferences and allows for general assumptions about individual
endowments and demographics. Solving for an equilibrium reduces to
solving a nonlinear integral equation. In the special case of log
utility, the integral equation is linear and global approximations to a
solution are easily computed with linear algebra. |
| URI: | http://hdl.handle.net/2451/26060 |
| Appears in Collections: | Economics Working Papers
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