The unit root property and optimality with a continuum of states -- pure exchange

DOI10.1016/J.JMATECO.2018.07.007MaRDI QIDQ1800974zbMATH OpenOpenAlexWikidataFDO

Authors Subir Chattopadhyay

Publication date 26 October 2018

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2018.07.007

zbMATH Keywords

optimalitystochastic OLGunit root propertycontinuum of states

Mathematics Subject Classification ID

Optimality conditions for problems involving randomness (49K45) Economic growth models (91B62)

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Cites work

• A characterization of inefficiency in stochastic overlapping generations economies
• Characterizing efficiency in stochastic overlapping generations models
• Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models
• Existence and optimality of currency equilibrium in stochastic overlapping generations models: The pure endowment case
• Extensions of Jentzsch's Theorem
• Hilbert's Projective Metric and the Spectral Properties of Positive Linear Operators
• Informational diversity over time and optimality of monetary equilibria
• Long-Term Risk: An Operator Approach
• On Certain Contraction Mappings in a Partially Ordered Vector Space
• On a class of linear positive operators
• On the Efficiency of a Competitive Equilibrium in Infinite Horizon Monetary Economies
• On the interaction between risk sharing and capital accumulation in a stochastic OLG model with production
• Optimality, the interaction of spot and futures markets, and the nonneutrality of money in the Lucas model
• Positive eigenfunctions of Markovian pricing operators: Hansen-Scheinkman factorization, Ross recovery, and long-term pricing
• Rational expectations in the overlapping generations model
• Recursive equilibrium in stochastic overlapping-generations economies
• Social Security and Demographic Shocks
• Stochastic OLG models, market structure, and optimality
• The Contraction Mapping Approach to the Perron-Frobenius Theory: Why Hilbert's Metric?
• The overlapping-generations model. I: The case of pure exchange without money
• The unit root property and optimality: A simple proof
• Uniformly Semi-Primitive Multiplicative Processes

Cited in

(3)

• Dividend paying assets, the unit root property, and suboptimality
• The unit root property and optimality: A simple proof
• Do not blame Bellman: it is Koopmans' fault

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