Uniqueness of Markov equilibrium in stochastic OLG models with nonclassical production
نویسندگان
چکیده
منابع مشابه
Recursive equilibrium in stochastic OLG economies∗
We prove generic existence of recursive equilibrium for overlapping generations economies with uncertainty. Generic here means in a residual set of utilities and endowments. The result holds provided there is sufficient intragenerational household heterogeneity.
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2014
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2014.02.006