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Stochastic optimal growth with a non-compact state space

Zhang, Yuzhe - In: Journal of mathematical economics 43 (2007) 2, pp. 115-129

Persistent link: https://www.econbiz.de/10003463103

Characterization of a risk sharing contract with one-sided commitment

Zhang, Yuzhe - In: Journal of economic dynamics & control 37 (2013) 4, pp. 794-809

Persistent link: https://www.econbiz.de/10009726177

Dynamic contracting with persistent shocks

Zhang, Yuzhe - In: Journal of economic theory 144 (2009) 2, pp. 635-675

Persistent link: https://www.econbiz.de/10003840895

Stochastic optimal growth with a non-compact space

Zhang, Yuzhe (contributor) - 2005

"This paper studies the stability of a stochastic optimal growth economy introduced by Brock and Mirman [J. Econ. Theory 4 (1972)] by utilizing stochastic monotonicity in a dynamic system. The construction of two boundary distributions leads to a new method of studying systems with noncompact...

Persistent link: https://www.econbiz.de/10003223687