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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.
Appears in Collections:Economics Working Papers

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