RECURSIVE EQUILIBRIA IN ECONOMIES WITH INCOMPLETE MARKETS

DOI10.1017/S136510050203105XzbMath1005.91075OpenAlexW1983532672MaRDI QIDQ4551763

Felix Kubler, Karl Schmedders

Publication date: 25 February 2003

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s136510050203105x

zbMATH Keywords

heterogeneous agentsincomplete marketsMarkovian shocksrecursive equilibriasufficient state space

Mathematics Subject Classification ID

Related Items (11)

Recursive equilibrium with price perfect foresight and a minimal state space ⋮ When is market incompleteness irrelevant for the price of aggregate risk (and when is it not)? ⋮ Consumption dynamics in general equilibrium: a characterisation when markets are incomplete ⋮ Block-recursive equilibria in heterogeneous-agent models ⋮ Uniformly self-justified equilibria ⋮ Lipschitz recursive equilibrium with a minimal state space and heterogeneous agents ⋮ Uniqueness of competitive equilibrium with solvency constraints under gross-substitution ⋮ Non-existence of recursive equilibria on compact state spaces when markets are incomplete. ⋮ Market selection with an endogenous state ⋮ Competitive equilibria of economies with a continuum of consumers and aggregate shocks ⋮ Recursive equilibrium in Krusell and Smith (1998)

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