Stochastic overlapping generations with non-convex budget sets

Runjie Geng and Felix Kubler

Journal of Mathematical Economics, 2023, vol. 107, issue C

Abstract: Non-convexities and discrete choices have become important modeling tools in modern macroeconomics. Unfortunately, the existence of competitive equilibria in the presence of such non-convexities is not always ensured, and most results on the existence of equilibrium that can be found in the literature do not directly apply to models used in applications.

Keywords: Dynamic general equilibrium; Non-convex budget sets; Existence (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:107:y:2023:i:c:s0304406823000599

DOI: 10.1016/j.jmateco.2023.102866

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