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Overlapping Generations Economies

  • Couverture cartonnée
  • 256 Nombre de pages
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This book contains an analysis of overlapping generations' economies. Both traditional issues of microeconomics such as the existe... Lire la suite
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Description

This book contains an analysis of overlapping generations' economies. Both traditional issues of microeconomics such as the existence of equilibrium and optimality of equilibrium allocations and new issues such as fluctuations, exchange rates and endogenous growth are studied.

Auteur

Mich Tvede



Texte du rabat

In the past two decades the overlapping generations (OG) model has become a dominant framework in macroeconomic analysis. This book provides a clear and self-contained introduction to OG economies.

Starting with the existence of equilibrium and the optimality of allocations, the discussion then turns to properties of equilibria, including the existence of fluctuations and sunspot equilibria, ending with applications to the theories of exchange rates and endogenous growth.

Throughout the book, OG economies are compared and contrasted with optimal growth economies. The presentation includes detailed proofs of results as well as illustrative examples. Growing out of research and teaching experience on the subject, the book is suitable for advanced students and researchers.



Contenu

PART I: OVERLAPPING GENERATIONS ECONOMIES Pure Exchange OG Economies .- Optimality.- Optimal Growth Economies.- Stationary OG Economies.- Fluctuations.- Currencies.- OG Economies with Production.- Endogenous Growth.- PART II: CONSUMERS AND FIRMS Consumers.- Preferred Sets and Support Functions.- Consumers under Uncertainty.- Firms.- Appendix A: Sequences, Sets and Functions.- Appendix B: Differentiability of Functions.- Appendix C: Separation of Convex Sets.- Appendix D: Dynamical Systems.- References.

Informations sur le produit

Titre: Overlapping Generations Economies
Auteur:
Code EAN: 9780230243347
ISBN: 0230243347
Format: Couverture cartonnée
Genre: Economie publique
nombre de pages: 256
Poids: 392g
Taille: H235mm x B155mm x T13mm
Année: 2010
Auflage: 2010

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