Recursive Competitive Equilibrium: The Case of Homogeneous Households (Q3916332): Difference between revisions

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Revision as of 13:23, 5 March 2024

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Recursive Competitive Equilibrium: The Case of Homogeneous Households
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    Recursive Competitive Equilibrium: The Case of Homogeneous Households (English)
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    1980
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    homogeneous households
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    infinite horizon economy
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    maximizing expected discounted utility
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    recursive competitive equilibrium
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    optimality
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    existence
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    value function of capital
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    Bellman's optimality equation
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    rational expectations
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    time invariant preferences
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    shock affected preferences
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    capital theory
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