Accession Number:

AD0734132

Title:

Pure Exchange Equilibrium of Dynamic Economic Models.

Descriptive Note:

Research rept.,

Corporate Author:

CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER

Personal Author(s):

Report Date:

1971-11-01

Pagination or Media Count:

37.0

Abstract:

The paper studies competitive equilibrium over time of a one good model in which the agents are members of a population which grows at a constant rate. Each agent lives for n periods and in the ith period of his life receives an endowment of e sub i units of goods. Goods can neither be produced nor stored. The model is thus the n period generalization of the two and three period models studied by Samuelson. The author seeks to ascertain the structure of the time paths of consumption in these models. Author

Subject Categories:

  • Economics and Cost Analysis
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE