Stationary Markov Equilibria in an Olg Model with Correlated Production Shocks

DOI10.2307/2527082zbMath0816.90033OpenAlexW2080662642MaRDI QIDQ4319213

Yong Wang

Publication date: 11 January 1995

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2527082

zbMATH Keywords

overlapping generations modeltime-homogeneous Markov processexistence of stationary equilibriaproduction shocks

Mathematics Subject Classification ID

Economic growth models (91B62) Stochastic systems in control theory (general) (93E03)

Related Items (10)

Could Prometheus be bound again? A contribution to the convergence controversy ⋮ Computing minimal state space recursive equilibrium in OLG models with stochastic production ⋮ On the consistency of stationary Markov equilibria with an exogenous distribution. ⋮ Uniqueness of Markov equilibrium in stochastic OLG models with nonclassical production ⋮ Stationary Markovian equilibrium in overlapping generation models with stochastic nonclassical production and Markov shocks ⋮ A characterization of Markov equilibrium in stochastic overlapping generations models ⋮ Imperfect information, Bayesian learning, and capital accumulation ⋮ On the role of labor supply for the optimal size of social security ⋮ Stationary Markov equilibria on a non-compact self-justified set ⋮ Bubbly Markov equilibria

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