On stationary recursive equilibria and nondegenerate state spaces: the Huggett model

DOI10.1016/j.jmateco.2013.09.009zbMath1284.91373OpenAlexW1998081744MaRDI QIDQ2441217

Junsang Lee, Timothy Kam

Publication date: 24 March 2014

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

Full work available at URL: https://doi.org/10.1016/j.jmateco.2013.09.009

zbMATH Keywords

compactnessincomplete marketsstationary distributionindividual state space

Mathematics Subject Classification ID

Economic growth models (91B62) General equilibrium theory (91B50)

Cites Work

• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Note on positive lower bound of capital in the stochastic growth model
• Non-existence of recursive equilibria on compact state spaces when markets are incomplete.
• Competitive equilibria of economies with a continuum of consumers and aggregate shocks
• Almost sure convergence to zero in stochastic growth models
• Fiscal Policy with Heterogeneous Agents and Incomplete Markets
• Stochastic Monotonicity and Stationary Distributions for Dynamic Economies

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