Results 271 to 280 of about 271,775 (312)

Tackling indeterminacy in overlapping generations models

Mathematical Methods of Operations Research, 2012
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Retirement in an overlapping generations model [PDF]

Recherches économiques de Louvain, 1997
SummaryWith an overlapping generations model, Williamson and Jones [1983] demonstrated that the long-run savings ratio in the U.S. was not affected by the introduction and the reform of the unfunded social security system. This paper extends their model by including a production sector, endogenous labor supply and a wage profile.
Leon BETTENDORF, Guido PEPERMANS
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The Overlapping Generations Model

2003
In this chapter we will analyse the growth effects of public debt in an overlapping generations model in the tradition of Diamond (1965). The basis model is presented in Blanchard and Fischer (1989). Public policy and welfare analysis in the overlapping generations model is described in Azariadis (1993) and in de la Croix and Michel (2002). In contrast
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The Overlapping Generations Model

2019
This chapter investigate the standard overlapping generations (OLG) model with two periods. It serves as one of the main tools to study problems in modern public finance such as pensions, unemployment insurance, and debt. The standard OLG model will be shown to be possibly Pareto-inefficient.
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The Overlapping Generations Model

1996
In this final chapter, we turn to the other major paradigm in general equilibrium theory: the overlapping generations (OLG) model. The OLG models are extensions and elaborations of P. A. Samuelson’s celebrated pure consumption loan model [59]. Unlike the Arrow—Debreu model which has its genesis in the work of L.
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Virtual Determinacy in Overlapping Generations Models

Econometrica, 2009
We reappraise the significance and robustness of indeterminacy in overlapping-generations models. In any of Gale's example economies with an equilibrium that is not locally unique, for instance, perturbing the economy by judiciously splitting each of Gale's goods into two close substitutes restricts that indeterminacy to each period's allocation of ...
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A Bifurcation in an Overlapping Generations Model

2002
In a Diamond type overlapping generations model stability properties of steady state perfect foresight equilibria are analyzed under changes in the growth rate of the population. In contrast with the model of Diamond it is assumed that production is carried out according to decreasing returns to scale.
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Demonstrating inefficiency in overlapping generations models

Economics Letters, 2017
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Joint planning of distributed generations and energy storage in active distribution networks: A Bi-Level programming approach

Energy, 2022
Yang Li
exaly  

The Overlapping Generation Model: An Overview

1992
The so-called Samuelson-model is the starting point of the analysis. It is the simplest version of the OGM. It is discussed in section 2.1. This a deterministic pure exchange model without capital. The simplest Samuelson-model is populated by overlapping generations of agents who live for two periods.
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