On The Uniqueness Of The Equilibrium In Overlapping Generations Models
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General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory
Author: Truman F. Bewley
language: en
Publisher: Harvard University Press
Release Date: 2007-02-28
This book presents an original exposition of general equilibrium theory for advanced undergraduate and graduate-level students of economics. It contains detailed discussions of economic efficiency, competitive equilibrium, the first and second welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis. Truman Bewley also treats optimal growth and overlapping generations models as special cases of the general equilibrium model. He uses the model and the first and second welfare theorems to explain the main ideas of insurance, capital theory, growth theory, and social security. It enables him to present a unified approach to portions of macro- as well as microeconomic theory. The book contains problems sets for most chapters.
Overlapping Generations
Author: Stephen E. Spear
language: en
Publisher: Emerald Group Publishing
Release Date: 2023-09-04
The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics, as opposed to the neoclassical growth model. The authors here explore the co-evolution of the two models.
A Theory of Economic Growth
Author: David de la Croix
language: en
Publisher: Cambridge University Press
Release Date: 2002-10-24
This book provides an in-depth treatment of the overlapping generations model in economics incorporating production.