Econometrica Vol. 48 No. 6 1980
Recursive Competitive Equilibrium: The Case of Homogeneous Households
Abstract
Recursive equilibrium theory is extended and generalized. Optimality of equilibria and supportability of optima are established in a direct way. Four economic applications are reformulated as recursive competitive equilibria and analyzed.
- DOI
- 10.2307/1912812
- Volume
- 48
- Issue
- 6
- Pages
- 1365
- Sources
- bibtex:phds-export.bib openalex crossref