Existence and uniqueness of equilibrium in distorted dynamic economies with capital and labor (Q1601453)

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Existence and uniqueness of equilibrium in distorted dynamic economies with capital and labor
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    Existence and uniqueness of equilibrium in distorted dynamic economies with capital and labor (English)
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    2002
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    An infinite horizon stochastic growth model with a continuum of infinitely-lived and identical agents is considered (cf. [\textit{W. Brock} and \textit{L. J. Mirman}, ``Optimal growth and uncertainty: the discounted case'', J. Econ. Theory 4, 429--513 (1972)]. The main result provides sufficient conditions for the existence of a recursive competitive equilibrium.
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    recursive competitive equilibrium
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    distortion
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