Existence , uniqueness and stability of equilibria in an OLG model with persistent inherited habits

@inproceedings{Marini2007ExistenceU,
  title={Existence , uniqueness and stability of equilibria in an OLG model with persistent inherited habits},
  author={G. Marini},
  year={2007}
}
This paper presents su¢ cient conditions for existence and uniqueness of a steady-state equilibria in an OLG model with persistent inherited habits and analyses the implications of persistence of inherited habits for the local stability of the steady-state equilibria. The conditions for a stable solution are derived under the assumption that habits are… CONTINUE READING