Introduced by Samuelson (1975), the Serendipity Theorem states that the competitive economy will converge towards the … Serendipity Theorem still holds in an economy with risky lifetime. We show that, under general conditions, including a perfect … competitive economy to the optimum steady-state. That Extended Serendipity Theorem is also shown to hold in economies where old …

Introduced by Samuelson (1975), the Serendipity Theorem states that the competitive economy will converge towards the … Serendipity Theorem still holds in an economy with risky lifetime. We show that, under general conditions, including a perfect … competitive economy to the optimum steady-state. That Extended Serendipity Theorem is also shown to hold in economies where old …

Introduced by Samuelson (1975), the Serendipity Theorem states that the competitive economy will converge towards the … Serendipity Theorem still holds in an economy with risky lifetime. We show that, under general conditions, including a perfect … competitive economy to the optimum steady-state. That Extended Serendipity Theorem is also shown to hold in economies where old …

Introduced by Samuelson (1975), the Serendipity Theorem states that the competitive economy will converge towards the … Serendipity Theorem still holds in an economy with risky lifetime. We show that, under general conditions, including a perfect … competitive economy to the optimum steady-state. That Extended Serendipity Theorem is also shown to hold in economies where old …