Drugeon, Jean-Pierre; Nourry, Carine; Venditti, Alain - In: Mathematical Social Sciences 59 (2010) 1, pp. 120-144
We consider a two-sector overlapping generations model with homothetic preferences. Under standard conditions on technologies, upon large enough values for the share of first period consumption over the wage income, we prove that the dynamic efficiency and local uniqueness of the competitive...