Recursive Equilibrium in Stochastic Overlapping-Generations Economies - HEC Paris - École des hautes études commerciales de Paris Access content directly
Journal Articles Econometrica Year : 2010

Recursive Equilibrium in Stochastic Overlapping-Generations Economies

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.

Dates and versions

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

Identifiers

Cite

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

Collections

HEC CNRS
55 View
0 Download

Altmetric

Share

Gmail Facebook Twitter LinkedIn More