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Equity between overlapping generations
2008This note is a demonstration that, in the presence of overlapping generations and under standard conditions for a social welfare ordering (Pareto optimality, transitivity, independence), the only ordering consistent with utilitarianism for all people currently alive at any given point in time is one based on weighting all people equally, regardless of ...
Quiggin, John, Quiggin, John
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Chapter 35 Overlapping generations
1991Publisher Summary Competitive equilibria in economies of overlapping generations are different from competitive equilibria in economies that have extended over finitely many periods, finite economies for short. These differences concern the properties of competitive equilibria, such as existence, optimality and determinacy or local uniqueness; and ...
John D. Geanakoplos +1 more
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Four Generations of High-Dimensional Neural Network Potentials
Chemical Reviews, 2021Jörg Behler
exaly
The Overlapping Generations Framework
2018This chapter introduces the overlapping generations framework, which inserts the life-cycle model within a dynamic, general equilibrium setting. After a description of the basic tenets of this framework, the chapter discusses its rationale and how it is used in practice.
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