Competitive equilibria in economies of overlapping generations are different from competitive equilibria in economies … variants of the model of overlapping generations allow for infinity of time periods and hence for infinitely many commodities … would also lead to the immediate break down of the social security system. In an economy of overlapping generations, the …

In this book overlapping generations economies are analysed from a game theoretical point of view and the social … monetary and the essential characteristics of the overlapping generations model are examined. The author defines the problem of …