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A characterization of the core in overlapping-generations economies

AuthorsEsteban, Joan
Issue Date1986
CitationJournal of Economic Theory 39(2): 439- 456 (1986)
AbstractIn this paper we characterize the set of consumption allocations that belong to the core and show that for the case of one agent per generation and one good no monetary equilibrium is in the core. For economies with many goods we give bounds on the value of money transactions for competitive equilibria to belong to the core. © 1986.
Identifiersdoi: 10.1016/0022-0531(86)90053-0
issn: 0022-0531
Appears in Collections:(IAE) Artículos
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