Frictional assignment, Part II: Infinite horizon and inequality
نویسندگان
چکیده
منابع مشابه
Part II : Infinite Horizon Economies
Assume a representative-agent economy with one good. Let time be indexed by t=0,1,2,.... Suppose that there is no uncertainty at time zero and that S branches stem out of it. Similarly, from each of these branches, S more branches stem out, and so on. For a given t, label the (cross-section of) nodes as {1, ..., St} and note that St increases over time. Our agent’s utility will now be defined o...
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ژورنال
عنوان ژورنال: Review of Economic Dynamics
سال: 2005
ISSN: 1094-2025
DOI: 10.1016/j.red.2004.10.004