Endogenous market incompleteness without market frictions: dynamic suboptimality of competitive equilibrium in multiperiod overlapping generations economies
DOI10.1016/J.JET.2010.09.006zbMATH Open1258.91065OpenAlexW1971495243MaRDI QIDQ413483FDOQ413483
Authors: Espen Henriksen, Stephen Spear 
Publication date: 7 May 2012
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jet.2010.09.006
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Cites Work
- Assessing Dynamic Efficiency: Theory and Evidence
- Stationary Markov Equilibria
- On optimality in intergenerational risk sharing
- Rational expectations in the overlapping generations model
- Markov rational expectations equilibria in an overlapping generations model
- Informational diversity over time and optimality of monetary equilibria
- Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models
- Optimality, the interaction of spot and futures markets, and the nonneutrality of money in the Lucas model
- Stochastic OLG models, market structure, and optimality
- Short-memory equilibrium in stochastic overlapping generations economies
- Recursive equilibrium in stochastic overlapping-generations economies
- Approximate versus Exact Equilibria in Dynamic Economies
- Dynamic efficiency in overlapping generations models with stochastic production
Cited In (11)
- Productivity and welfare in an overlapping generations model with housing
- Equilibrium indeterminacy in a model of constrained financial markets
- Introduction to general equilibrium
- Endogenous market incompleteness with investment risks
- A characterization of inefficiency in stochastic overlapping generations economies
- Income taxation when markets are incomplete
- Overlapping generations and idiosyncratic risk: Can prices reveal the best policy?
- Habit formation and indeterminacy in overlapping generations models
- Aggregate risk sharing and equivalent financial mechanisms in an endowment economy of incomplete participation
- Indeterminacy in stochastic overlapping generations models: real effects in the long run
- A characterization of Markov equilibrium in stochastic overlapping generations models
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