Recursive Equilibrium in Stochastic Overlapping-Generations Economies
We prove the generic existence of a 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 a sufficient number of potentially different individuals within each cohort. Copyright 2010 The Econometric Society.
Year of publication: |
2010
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Authors: | Citanna, Alessandro ; Siconolfi, Paolo |
Published in: |
Econometrica. - Econometric Society. - Vol. 78.2010, 1, p. 309-347
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Publisher: |
Econometric Society |
Saved in:
Online Resource
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