Recursive Competitive Equilibrium: The Case of Homogeneous Households
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Publication:3916332
DOI10.2307/1912812zbMath0464.90006OpenAlexW3121765995WikidataQ56454350 ScholiaQ56454350MaRDI QIDQ3916332
Rajnish Mehra, Edward C. Prescott
Publication date: 1980
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.2307/1912812
existenceoptimalityrational expectationscapital theoryinfinite horizon economyrecursive competitive equilibriumBellman's optimality equationhomogeneous householdsmaximizing expected discounted utilityshock affected preferencestime invariant preferencesvalue function of capital
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