An overlapping generations model with a storage technology

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

This paper studies a stationary, pure exchange overlapping generations model with a storage technology. It is shown that there exists an equilibrium with valued fiat money in which storage technologies bear a higher rate of return than fiat money, and agents invest strictly positive amounts in storage technologies.

Original languageEnglish
Pages (from-to)237-244
Number of pages8
JournalJournal of Economic Theory
Volume57
Issue number1
DOIs
Publication statusPublished - 1992
Externally publishedYes

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Overlapping generations model
Fiat money
Rate of return

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

An overlapping generations model with a storage technology. / Maeda, Yasuo.

In: Journal of Economic Theory, Vol. 57, No. 1, 1992, p. 237-244.

Research output: Contribution to journalArticle

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