Balbus, Łukasz; Reffett, Kevin; Woźny, Łukasz - In: Journal of Economic Dynamics and Control 37 (2013) 5, pp. 1019-1039
We provide sufficient conditions for existence and uniqueness of a monotone, Lipschitz continuous Markov stationary Nash equilibrium (MSNE) and characterize its associated Stationary Markov equilibrium in a class of intergenerational paternalistic altruism models with stochastic production. Our...