Multiple equilibrium in the overlapping generations model revisited

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)70-72
Number of pages3
JournalEconomics Letters
Volume115
Issue number1
DOIs
Publication statusPublished - 1 Apr 2012

Keywords

  • Capital
  • Multiple equilibria
  • Overlapping generations

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