Lecture notes in economics and mathematical systems, 372.
CONTENTS NOTE
Text of Note
I Introduction.- 1 The Viability of Fiat Money.- II The Overlapping Generations Model of an Exchange Economy.- II Dynamic Efficiency.- III Competitive Equilibria in a Barter, Overlapping Generations Economy.- IV Monetary Equilibria.- III The Core in Overlapping Generations Economies.- V A Characterization of the Core.- VI Competitive Equilibria and the Core. One agent per generation.- VII Competitive Equilibria and the Core. Many agents per generation.- References.