The dynamics of efficient intertemporal allocations with many agents, recursive preferences, and production

DOI10.1016/0022-0531(88)90006-3MaRDI QIDQ1114574zbMATH OpenOpenAlexFDO

Authors Jess Benhabib, Saqib Jafarey, Kazuo Nishimura

Publication date 1988

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

Full work available at URL https://doi.org/10.1016/0022-0531(88)90006-3

zbMATH Keywords

steady staterecursive preferencestwo-sectorlocal behaviour of optimal pathsone-sector production

Mathematics Subject Classification ID

Economic growth models (91B62)

Recommendations

• Efficient intertemporal allocations with recursive utility.
• The Global Stability of Efficient Intertemporal Allocations
• Recursive utility and the Ramsey problem
• Recursive preferences and balanced growth
• Equilibria of a stationary economy with recursive preferences

Cites work

• scientific article; zbMATH DE number 3989062 (Why is no real title available?)
• A note on comparative statics and dynamics of stationary states
• A simple dynamic general equilibrium model
• An integration of equilibrium theory and turnpike theory
• Competitive equilibrium cycles
• Equilibrium Turnpike Theory with Constant Returns to Scale and Possibly Heterogeneous Discount Factors
• Maximizing Stationary Utility in a Constant Technology
• On optimal steady states of n-sector growth models when utility is discounted
• On the Uniqueness of Steady States in an Economy with Heterogeneous Capital Goods
• Optimal growth with many consumers
• Stability of Equilibrium in Dynamic Models of Capital Theory
• Stationary Ordinal Utility and Impatience
• The Global Stability of Efficient Intertemporal Allocations
• The Hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth
• The turnpike of dynamic general equilibrium paths and its insensitivity to initial conditions
• Turnpike theory, discounted utility, and the von Neumann facet

Cited in

(22)

• Recursive preferences and balanced growth
• Dynamic programming for non-additive stochastic objectives
• The Global Stability of Efficient Intertemporal Allocations
• Structure of Pareto optima in an infinite-horizon economy where agents have recursive preferences
• Equilibria of a stationary economy with recursive preferences
• Externalities and nonlinear discounting: Indeterminacy
• Delay aversion under a general class of preferences
• Interlinkage in the endogenous real business cycles of international economies
• The local bifurcation of Ramsey equilibrium
• Recursive utility and optimal capital accumulation. II: Sensitivity and duality theory
• Asset prices in an exchange economy when agents have heterogeneous homothetic recursive preferences and no risk free bond is available
• Dynamic equilibria with unemployment due to undernourishment
• Recursive utility and the Ramsey problem
• The dynamics of optimal wealth distributions with recursive utility
• Recursive allocations and wealth distribution with multiple goods: existence, survivorship, and dynamics
• An abstract topological approach to dynamic programming
• Balanced-growth-consistent recursive utility
• Increasing marginal impatience and intertemporal substitution
• Efficient intertemporal allocations with recursive utility.
• scientific article; zbMATH DE number 4091153 (Why is no real title available?)
• Intertemporal incentive allocation in simple hierarchies
• The dynamics of risk-sensitive allocations

This page was built for publication: The dynamics of efficient intertemporal allocations with many agents, recursive preferences, and production

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1114574)