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In this paper, we provide an overview of an emerging class of monotone map methods in analyzing distorted equilibrium in dynamic economies. In particular, we focus on proving the existence and characterization of competitive equilibrium in non-optimal versions of the optimal growth models. We...
Persistent link: https://www.econbiz.de/10010324915
We develop an isotone recursive approach to the problem of existence, computation, and characterization of nonsymmetric locally Lipschitz continuous (and, therefore, Clarke-differentiable) Markovian equilibrium for a class of infinite horizon multiagent competitive equilibrium models with...
Persistent link: https://www.econbiz.de/10010325200
Persistent link: https://www.econbiz.de/10000885637
Persistent link: https://www.econbiz.de/10000955205
We develop an isotone recursive approach to the problem of existence, computation, and characterization of nonsymmetric locally Lipschitz continuous (and, therefore, Clarke-differentiable) Markovian equilibrium for a class of infinite horizon multiagent competitive equilibrium models with...
Persistent link: https://www.econbiz.de/10011343298
In this paper, we provide an overview of an emerging class of monotone map methods in analyzing distorted equilibrium in dynamic economies. In particular, we focus on proving the existence and characterization of competitive equilibrium in non-optimal versions of the optimal growth models. We...
Persistent link: https://www.econbiz.de/10011327536
Persistent link: https://www.econbiz.de/10002923326
Persistent link: https://www.econbiz.de/10002618499
Persistent link: https://www.econbiz.de/10001699803
Persistent link: https://www.econbiz.de/10001525860