EconPapers    
Economics at your fingertips  
 

Uniqueness of equilibrium in a Bewley–Aiyagari model

Bar Light ()
Additional contact information
Bar Light: Stanford University

Economic Theory, 2020, vol. 69, issue 2, No 6, 435-450

Abstract: Abstract I establish the uniqueness of a stationary equilibrium in a Bewley–Aiyagari model when the agents’ utility function exhibits constant relative risk aversion bounded above by 1 and the production function exhibits a certain gross substitute property.

Keywords: Bewley–Aiyagari model; Uniqueness of equilibrium; heterogeneous agents; Aggregate savings; Stationary equilibrium (search for similar items in EconPapers)
JEL-codes: D52 D90 E21 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s00199-018-1167-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:joecth:v:69:y:2020:i:2:d:10.1007_s00199-018-1167-z

Ordering information: This journal article can be ordered from
http://www.springer. ... eory/journal/199/PS2

DOI: 10.1007/s00199-018-1167-z

Access Statistics for this article

Economic Theory is currently edited by Nichoals Yanneils

More articles in Economic Theory from Springer, Society for the Advancement of Economic Theory (SAET) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2020-06-20
Handle: RePEc:spr:joecth:v:69:y:2020:i:2:d:10.1007_s00199-018-1167-z