Stationary equilibrium transition rules for an overlapping generations model with uncertainty (Q759630): Difference between revisions
From MaRDI portal
Added link to MaRDI item. |
ReferenceBot (talk | contribs) Changed an Item |
||
(2 intermediate revisions by 2 users not shown) | |||
Property / MaRDI profile type | |||
Property / MaRDI profile type: MaRDI publication profile / rank | |||
Normal rank | |||
Property / OpenAlex ID | |||
Property / OpenAlex ID: W2091305843 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q4070950 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q5722776 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Stochastic Properties of Fast vs. Slow Growing Economies / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q5588318 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q5822308 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q5533996 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q4166486 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Time to Build and Aggregate Fluctuations / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: The steady states of a stochastic decentralized growth model / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: An Asymptotic Theory of Growth Under Uncertainty / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q3293867 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Competitive Equilibrium Under Uncertainty / rank | |||
Normal rank |
Latest revision as of 16:21, 14 June 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Stationary equilibrium transition rules for an overlapping generations model with uncertainty |
scientific article |
Statements
Stationary equilibrium transition rules for an overlapping generations model with uncertainty (English)
0 references
1985
0 references
An overlapping generations model incorporating random production shocks is studied. Households have finite life spans. Futures markets are incomplete. Agents have full information in one case, and receive only a limited signal in another. In both instances the existence of a time- autonomous transition rule is proved such that if all agents forecast using it, the economy's actual growth will bear the predictions out. The rule corresponds to a steady state for a non-stochastic model. With limited information, it is seen to depend on all past signals. Several approximation theorems which may facilitate future applications are presented.
0 references
stationary equilibrium
0 references
overlapping generations model
0 references
random production shocks
0 references
full information
0 references
existence of a time-autonomous transition rule
0 references
growth
0 references
limited information
0 references
approximation theorems
0 references