Multiple equilibrium in the overlapping generations model revisited

Bliss [Bliss, C., 2008. Multiple equilibrium in the Diamond capital model. Economics Letters 100, 143–145] finds numerically that the Diamond OLG model can have uncountably many steady states. We use log preferences and show analytically that a continuum of steady states can still exist.

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Year of publication:	2012
Authors:	Hiraguchi, Ryoji
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 115.2012, 1, p. 70-72
Publisher:	Elsevier
Subject:	Overlapping generations \| Capital \| Multiple equilibria

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Type of publication:	Article
Classification:	E10 - General Aggregative Models. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010576416