Markov rational expectations equilibria in an overlapping generations model

DOI10.1016/0022-0531(86)90087-6zbMath0618.90015OpenAlexW1976380723MaRDI QIDQ1089238

Sanjay Srivastava, Stephan E. Spear

Publication date: 1986

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(86)90087-6

zbMATH Keywords

dynamical propertiesrational expectationstochastic equilibriaMarkovian equilibriaoverlapping generations uncertainty

Mathematics Subject Classification ID

Economic growth models (91B62) Markov and semi-Markov decision processes (90C40) General equilibrium theory (91B50)

Related Items

Existence and local uniqueness of functional rational expectations equilibria in dynamic economic models ⋮ Statistical equilibrium in one-step forward looking economic models ⋮ On the existence of sunspot equilibria in an overlapping generations model ⋮ The rationality of expectations formation ⋮ Endogenous market incompleteness without market frictions: dynamic suboptimality of competitive equilibrium in multiperiod overlapping generations economies ⋮ Indeterminacy of stationary equilibrium in stochastic overlapping generations models ⋮ On the consistency of stationary Markov equilibria with an exogenous distribution. ⋮ Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models ⋮ A characterization of Markov equilibrium in stochastic overlapping generations models ⋮ On the nonexistence of recursive equilibrium in stochastic OLG economies ⋮ Stationary Markov equilibria on a non-compact self-justified set ⋮ Rational expectations equilibria in sequence economies with symmetric information: The two-period case ⋮ RANDOM DYNAMICAL SYSTEMS IN ECONOMICS ⋮ Overlapping generations models with incomplete markets

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