著者

MARIKO YOSHIDA

出版者

JAPANESE ECONOMIC ASSOCIATION

雑誌

The Economic Studies Quarterly (ISSN:0557109X)

巻号頁・発行日

vol.41, no.4, pp.367-373, 1990-12-20 (Released:2007-10-19)

参考文献数

7

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In this paper we consider the pure exchange overlapping-generations model with money. This model assumes the double infinity of consumers and commodities. Hence it is not so easy to show the existence of a competitive equilibrium in this model as to show a competitive equilibrium in the finite horizon economy. This paper claims to prove the existence theorem: Under a set of assumptions about consumer's utility functions and initial endowments, we show the existence of a monetary competitive equilibrium where money has a finite positive exchange value over the infinite horizon.