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文章基本信息

  • 标题:EXISTENCE OF A COMPETITIVE EQUILIBRIUM WITH MONEY
  • 本地全文:下载
  • 作者:MARIKO YOSHIDA
  • 期刊名称:季刊 理論経済学
  • 印刷版ISSN:0557-109X
  • 电子版ISSN:2185-4408
  • 出版年度:1990
  • 卷号:41
  • 期号:4
  • 页码:367-373
  • DOI:10.11398/economics1986.41.367
  • 语种:English
  • 出版社:The Japanese Economic Association
  • 摘要:

    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.

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