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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.
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https://hal-hec.archives-ouvertes.fr/hal-00537071
Contributor : Antoine Haldemann <>
Submitted on : Wednesday, November 17, 2010 - 3:54:12 PM
Last modification on : Friday, December 18, 2020 - 6:46:04 PM

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

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