MANIFOLDS OF GOLDEN-RULE AND BALANCED STEADY-STATE EQUILIBRIA

Authors
BALASKO Y LANG C
Citation
Y. Balasko et C. Lang, MANIFOLDS OF GOLDEN-RULE AND BALANCED STEADY-STATE EQUILIBRIA, Economic theory, 11(2), 1998, pp. 317-330
Citations number
12
Categorie Soggetti
Economics
Journal title
Economic theory → ACNP
ISSN journal
09382259
Volume
11
Issue
2
Year of publication
1998
Pages
317 - 330
Database
ISI
SICI code
0938-2259(1998)11:2<317:MOGABS>2.0.ZU;2-Y
Abstract
We show that the set of balanced steady state (resp. golden rule) equi libria, parameterized by endowments, of stationary overlapping-generat ions economies are smooth manifolds diffeomorphic to Euclidean spaces. These properties extend similar properties of the Walrasian equilibri a and enable one to apply the natural projection approach to the study of these equilibria.