…ty, as if the generations are providing for old age. But Petty’s overlapping generations model cannot be much like Paul Samuelson’s of three centuries later, where a generation of productives leaves a nest egg for retirement. Samuelson’s productives are replenished exogenously, w...
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…ety pp. 533–554 (1986). [5] D. Fudenberg, E. Maskin, The American Economic Review 80, 274 (1990). [6] K. G. Binmore, L. Samuelson, Journal of economic theory 57, 278 (1992). [7] M. A. Nowak, K. Sigmund, Nature 355, 250 (1992). [8] M. Nowak, K. Sigmund, et al., Nature 364, 56 (199...