Journal
ECONOMICS LETTERS
Volume 207, Issue -, Pages -Publisher
ELSEVIER SCIENCE SA
DOI: 10.1016/j.econlet.2021.110005
Keywords
Overlapping generations game; Growing economy; Intertemporal trade; Folk theorem; Multidimensional rectangle; Pension scheme
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This study models n-person overlapping generations games with growing payoffs, treating the situation as economic growth. It demonstrates that in equilibrium, each player can obtain his maximum one-shot payoff.
We model n-person overlapping generations games with growing payoffs, the situation of which is considered as an economic growth. We show that each player can obtain his maximum one-shot payoff in equilibria. (C) 2021 The Author(s). Published by Elsevier B.V.
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