Document Type
Discussion Paper
Publication Date
10-1-1990
CFDP Number
959
CFDP Pages
6
Abstract
This paper considers two basic problems: The first is the necessity for introducing government money (as contrasted with individual credit) and an infinitely lived government in an overlapping generations economy. The second concerns the evaluation of the price of an infinitely productive asset in an economy without a natural discount factor.
Recommended Citation
Shubik, Martin, "The Price for the Widow's Cruse: Or the Value of an Infinitely Productive Asset" (1990). Cowles Foundation Discussion Papers. 1202.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1202