Pure Exchange Equilibrium of Dynamic Economic Models.
CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER
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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
- Economics and Cost Analysis
- Operations Research