The relationship between general equilibrium models with infinite-lived agents and overlapping generations models, and some applications

[2411.07674] The relationship between general equilibrium models with infinite-lived agents and overlapping generations models, and some applications Skip to main content Search Submit Donate Log in Search arXiv Press Enter to search · Advanced search Quantitative Finance > General Finance arXiv:2411.07674 (q-fin) [Submitted on 12 Nov 2024 ( v1 ), last revised 14 Apr 2026 (this version, v5)] Title: The relationship between general equilibrium models with infinite-lived agents and overlapping generations models, and some applications Authors: Ngoc-Sang Pham (EM Normandie) View a PDF of the paper titled The relationship between general equilibrium models with infinite-lived agents and overlapping generations models, and some applications, by Ngoc-Sang Pham (EM Normandie) View PDF HTML (experimental) Abstract: We prove that a two-cycle equilibrium in a general equilibrium model with infinitely-lived agents (GEILA) constitutes an equilibrium in an overlapping generations (OLG) model. Conversely, an equilibrium in an OLG model that satisfies additional conditions is part of an equilibrium in a GEILA model. Our framework, which includes three assets (physical capital, a Lucas tree, and fiat money), encompasses both exchange and production economies. As an application, we demonstrate that equilibrium indeterminacy and rational asset price bubbles can arise not only in OLG models but also in GEILA models. Subjects: General Finance (q-fin.GN) Cite as: arXiv:2411.07674 [q-fin.GN] (or arXiv:2411.07674v5 [q-fin.GN] for this version) https://doi.org/10.48550/arXiv.2411.07674 Focus to learn more arXiv-issued DOI via DataCite Submission history From: Ngoc Sang Pham [ view email ] [via CCSD proxy] [v1] Tue, 12 Nov 2024 09:41:26 UTC (21 KB) [v2] Tue, 11 Feb 2025 09:36:15 UTC (22 KB) [v3] Mon, 21 Jul 2025 09:26:58 UTC (23 KB) [v4] Thu, 8 Jan 2026 15:14:33 UTC (27 KB) [v5] Tue, 14 Apr 2026 09:13:31 UTC (28 KB) Full-text links: Access Paper: View a PDF of the paper titled The relationship between general equilibrium models with infinite-lived agents and overlapping generations models, and some applications, by Ngoc-Sang Pham (EM Normandie) View PDF HTML (experimental) TeX Source view license Current browse context: q-fin.GN < prev | next > new | recent | 2024-11 Change to browse by: q-fin References & Citations NASA ADS Google Scholar Semantic Scholar export BibTeX citation Loading... BibTeX formatted citation × loading... Data provided by: Bookmark Bibliographic Tools Bibliographic and Citation Tools Bibliographic Explorer Toggle Bibliographic Explorer ( What is the Explorer? ) Connected Papers Toggle Connected Papers ( What is Connected Papers? ) Litmaps Toggle Litmaps ( What is Litmaps? ) scite.ai Toggle scite Smart Citations ( What are Smart Citations? ) Code, Data, Media Code, Data and Media Associated with this Article alphaXiv Toggle alphaXiv ( What is alphaXiv? ) Links to Code Toggle CatalyzeX Code Finder for Papers ( What is CatalyzeX? ) DagsHub Toggle DagsHub ( What is DagsHub? ) GotitPub Toggle Gotit.pub ( What is GotitPub? ) Huggingface Toggle Hugging Face ( What is Huggingface? ) ScienceCast Toggle ScienceCast ( What is ScienceCast? ) Demos Demos Replicate Toggle Replicate ( What is Replicate? ) Spaces Toggle Hugging Face Spaces ( What is Spaces? ) Spaces Toggle TXYZ.AI ( What is TXYZ.AI? ) Related Papers Recommenders and Search Tools Link to Influence Flower Influence Flower ( What are Influence Flowers? ) Core recommender toggle CORE Recommender ( What is CORE? ) Author Venue Institution Topic About arXivLabs arXivLabs: experimental projects with community collaborators arXivLabs is a framework that allows collaborators to develop and share new arXiv features directly on our website. Both individuals and organizations that work with arXivLabs have embraced and accepted our values of openness, community, excellence, and user data privacy. arXiv is committed to these values and only works with partners that adhere to them. Have an idea for a project that will add value for arXiv's community? Learn more about arXivLabs . Which authors of this paper are endorsers? | Disable MathJax ( What is MathJax? ) We gratefully acknowledge support from our major funders , member institutions , , and all contributors. About · Help · Contact · Subscribe · Copyright · Privacy · Accessibility · Operational Status (opens in new tab) Major funding support from

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