Existence in an overlapping generations model with production

Abstract

This thesis proves the existence of competitive equilibrium in an overlapping generations model (OLG) with production. In the proof, existence of equilibrium in the classical Arrow-Debreu Model is essential, and the work is similar in spirit to that-presented in Balasko, Cass and Shell [2], except some tricks used in the proof. The assumptions do not deviate from standard assumptions, so the model can be taken as a first step in developing more general models.