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Journal Articles Econometrica Year : 2010

Recursive Equilibrium in Stochastic Overlapping-Generations Economies

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Abstract

We prove the generic existence of a recursive equilibrium for overlapping-generations economies with uncertainty. "Generic" here means in a residual set of utilities and endowments. The result holds provided there is a sufficient number of potentially different individuals within each cohort.

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hal-00537071 , version 1 (17-11-2010)

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Alessandro Citanna, Paolo Siconolfi. Recursive Equilibrium in Stochastic Overlapping-Generations Economies. Econometrica, 2010, 78 (1), pp.309-347. ⟨10.3982/ECTA7219⟩. ⟨hal-00537071⟩

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