Existence of equilibrium in an OLG model with production and altruistic preferences

被引：0

作者：

Emmanuel Thibault

机构：

[1] GREQAM,

[2] Université de la Méditerranée,undefined

[3] 2,undefined

[4] rue de la Charité,undefined

[5] F-13002 Marseilles,undefined

[6] FRANCE (e-mail: thibault@ehess.cnrs-mrs.fr),undefined

来源：

Economic Theory | 2000年 / 15卷

关键词：

Keywords and Phrases: OLG models, Bequest motives.; JEL Classification Numbers: C62, D91, O41.;

D O I：

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学科分类号：

摘要：

This note deals with the existence and uniqueness of a non-trivial steady-state equilibrium in an overlapping generations (OLG) model with productive capital and altruistic agents. We establish a necessary and sufficient condition for operative bequests which extends Abel (1987) and Weil (1987). Interestingly, we prove that the OLG model with production and altruistic agents always experiences a non-trivial steady-state equilibrium.

引用

页码：709 / 715

页数：6

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