
Accession Number : AD0734132
Title : Pure Exchange Equilibrium of Dynamic Economic Models.
Descriptive Note : Research rept.,
Corporate Author : CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER
Personal Author(s) : Gale,David
Report Date : NOV 1971
Pagination or Media Count : 37
Abstract : The paper studies competitive equilibrium over time of a one good model in which the agents are members of a population which grows at a constant rate. Each agent lives for n periods and in the ith period of his life receives an endowment of e sub i units of goods. Goods can neither be produced nor stored. The model is thus the n period generalization of the two and three period models studied by Samuelson. The author seeks to ascertain the structure of the time paths of consumption in these models. (Author)
Descriptors : (*ECONOMICS, MATHEMATICAL MODELS), POPULATION, CONSUMPTION, MONEY, APPROXIMATION(MATHEMATICS), STATISTICAL ANALYSIS
Subject Categories : Economics and Cost Analysis
Operations Research
Distribution Statement : APPROVED FOR PUBLIC RELEASE