Let X be a convex subset of a locally convex topological vector space, let U⊂X be open with U¯ compact, let F:U¯→X be an upper semicontinuous convex valued correspondence with no fixed points in U¯∖U, let P be a compact absolute neighborhood retract, and let ρ:U¯→P be a continuous...

We introduce a new class of infinite horizon altruistic stochastic OLG models with capital and labor, but without commitment between the generations. Under mild regularity conditions, for economies with either bounded or unbounded state spaces, continuous monotone Markov perfect Nash equilibrium...