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Existence and uniqueness of solutions to dynamic models with occasionally binding constraints

Holden, Tom D. - 2019

end, we derive existence and uniqueness conditions for otherwise linear models with OBCs. Our main result gives necessary …

Persistent link: https://www.econbiz.de/10012103173

The Invariant Distribution of Wealth and Employment Status in a Small Open Economy with Precautionary Savings

Bayer, Christian; Rendall, Alan D.; Wälde, Klaus - 2018

source of uncertainty in a small open economy. We prove the existence of an optimal consumption path. We exploit that the …

Persistent link: https://www.econbiz.de/10011957213

Convexity and Complementarity in Network Formation: Implications for the Structure of Pairwise Stable Networks

Hellmann, Tim - 2010

This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity) in own links from the literature are put into the...

Persistent link: https://www.econbiz.de/10010270197

Convexity and complementarity in network formation: Implications for the structure of pairwise stable networks

Hellmann, Tim - 2009

Persistent link: https://www.econbiz.de/10010272600

When do Systematic Gains Uniquely Determine the Number of Marriages between Different Types in the Choo-Siow matching model? Sufficient Conditions for a Unique Equilibrium

Decker, Colin - 2010

work is the issue of existence and uniqueness of equilibrium. We resolve this question in the affirmative, assuming the …

Persistent link: https://www.econbiz.de/10009455387

Existence, uniqueness and computation of solutions to dynamic models with occasionally binding constraints

Holden, Tom D. - 2016

We present the first necessary and sufficient conditions for the existence of a unique perfect-foresight solution … conditions on the existence of a solution in such models, and provide a proof of the inescapability of the “curse of …

Persistent link: https://www.econbiz.de/10011422742

Existence and uniqueness of solutions to dynamic models with occasionally binding constraints

Holden, Tom D. - 2022

belief-driven recessions. To aid in finding policies that avoid this, we derive existence and uniqueness conditions for …. We also derive equilibrium existence conditions under rational expectations for arbitrary non-linear models. …