Perera-Tallo, Fernando; Konishi, Hideo - In: Economic Theory 9 (1997) 3, pp. 529-537
This paper establishes an existence theorem of a non-trivial (positive capital stock) steady-state equilibrium in Diamond's (1965) overlapping-generations model with production by employing the steady-state consumption curve introduced in Ihori (1978). The assumptions on preferences and...