On non-existence of Markov equilibria in competitive-market economies
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Publication:697970
DOI10.1006/jeth.2001.2840zbMath1015.91044OpenAlexW3123267946MaRDI QIDQ697970
Publication date: 18 September 2002
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1006/jeth.2001.2840
Special types of economic equilibria (91B52) Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)
Related Items (18)
Simulation-based estimation of dynamic models with continuous equilibrium solutions ⋮ Markovian equilibrium in infinite horizon economies with incomplete markets and public policy ⋮ Local and global indeterminacy in two-sector models of endogenous growth ⋮ Block-recursive equilibria in heterogeneous-agent models ⋮ Lipschitz recursive equilibrium with a minimal state space and heterogeneous agents ⋮ Estimation by simulation of monotone dynamical systems ⋮ Existence of competitive equilibrium in a non-optimal one-sector economy without conditions on the distorted marginal product of capital ⋮ Computing minimal state space recursive equilibrium in OLG models with stochastic production ⋮ History dependence without unstable steady state: a non-differentiable framework. ⋮ Non-existence of recursive equilibria on compact state spaces when markets are incomplete. ⋮ Market selection with an endogenous state ⋮ Stability, global dynamics and Markov equilibrium in models of endogenous economic growth ⋮ Non-smooth dynamics and multiple equilibria in a Cournot-Ramsey model with endogenous markups ⋮ A qualitative approach to Markovian equilibrium in infinite horizon economies with capital ⋮ Introduction to a general equilibrium approach to economic growth ⋮ Equilibrium dynamics in a two-sector model with taxes ⋮ Special issue: Supermodularity and monotone methods in economics ⋮ Comparing recursive equilibrium in economies with dynamic complementarities and indeterminacy
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