Appendix C. Overlapping Cohorts
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Appendix B analyzed the family of Overlapping Generations models. In this Appendix we shall consider an Overlapping Cohorts (for short, OLC) model where many rather than two cohorts are destined to live together by the nonstorability of the goods consumed by them.
KeywordsUtility Function Rational Expectation Golden Rule Constant Relative Risk Aversion Overlap Generation Model
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