Recursive Equilibrium in Stochastic Overlapping-Generations Economies

Alessandro Citanna and Paolo Siconolfi

Econometrica, 2010, vol. 78, issue 1, 309-347

Abstract: We prove the generic existence of a recursive equilibrium for overlapping-generations economies with uncertainty. "Generic" here means in a residual set of utilities and endowments. The result holds provided there is a sufficient number of potentially different individuals within each cohort. Copyright 2010 The Econometric Society.

Date: 2010
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