Pure Exchange Equilibrium of Dynamic Economic Models.
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)
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1971
- Accession Number
- AD0734132
Entities
People
- David Gale
Organizations
- University of California, Berkeley