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Classical Overlapping Generations Models with Incomplete Markets

  • Monique Florenzano
  • Pascal Gourdel
  • Mário R. Páscoa
Conference paper

Abstract

This paper addresses existence of equilibria for a classical overlapping generations exchange economy with incomplete markets, one-period real assets and bounded short sales, defined on an infinite event-tree where there is a continuum of branches at each node of the tree.

Keywords

overlapping generations incomplete markets continuum of states 

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Copyright information

© Springer-Verlag Berlin Heidelberg 2001

Authors and Affiliations

  • Monique Florenzano
    • 1
  • Pascal Gourdel
    • 2
  • Mário R. Páscoa
    • 3
  1. 1.CNRS-CERMSEMParis Cedex 13France
  2. 2.CERMSEMUniversité Paris 1Paris Cedex 13France
  3. 3.Faculdade de EconomiaUniversidade Nova de LisboaLisboaPortugal

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