Balanced cycles in an OLG model with a continuum of finitely-lived individuals

Hippolyte d'Albis (1) , Emmanuelle Augeraud-Véron (2)

1 GREMAQ - Groupe de recherche en économie mathématique et quantitative
2 LMA-Rochelle - Laboratoire de Mathématiques et Applications

This paper studies the intertemporal equilibrium of a barter economy populated with a continuum of …finitely-lived overlapping generations. Assuming isoelastic preferences and zero endowments at the beginning and the end of the individual's ’life-span, it proves the existence of an Hopf bifurcation and provides sufficient conditions on parameters for its occurrence.

Mots clés: Overlapping-generations Models; Mixed-type Functional Differential Equations; Endogenous Fluctuations; Hopf Bifurcation.; Hopf Bifurcation

Domaines: Economies et finances

Hippolyte d'Albis, Emmanuelle Augeraud-Véron. Balanced cycles in an OLG model with a continuum of finitely-lived individuals. Economic Theory, 2007, 30 (1), pp.181-186. ⟨10.1007/s00199-005-0043-9⟩. ⟨hal-00630229⟩