Recursive equilibrium in stochastic OLG economies

P. Siconolfi and A. Citanna
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P. Siconolfi: Columbia Business School
A. Citanna: HEC - Paris and Columbia Business School

No 777, 2007 Meeting Papers from Society for Economic Dynamics

Abstract: We prove generic existence of recursive equilibrium for overlapping generations economies with uncertainty. The result holds provided there is sufficient intragenerational household heterogeneity.

Date: 2007
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