A new approach of overlapping generation model via fixed point technique

Abstract

This article explored a specific variant of the overlapping generation model using a nonlinear Fredholm integral equation. We considered assumptions related to the Ćirić operator, offering a new perspective compared to existing research. To solve the equation, we employed the Galerkin method, which approximates it as a finite system of equations. By combining these approaches, we conducted a comprehensive analysis of the model, providing insights into its dynamics and potential applications.

Keywords

• overlapping generation model
• nonlinear fredholm equation
• ćirić contractive maps
• galerkin method
• fixed point theory