Recursive competitive equilibrium. A parametric example

Rajnish Mehra

doi:10.1016/0165-1765(84)90175-7

Recursive competitive equilibrium. A parametric example

Rajnish Mehra

Research output: Contribution to journal › Article › peer-review

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Abstract

In this paper we demonstrate how the neoclassical model of stochastic growth can be decentralized in a recursive competitive framework. We provide a closed form parametric example to facilitate a conceptual understanding of the more abstract variations of this line of research.

Original language	English (US)
Pages (from-to)	273-278
Number of pages	6
Journal	Economics Letters
Volume	16
Issue number	3-4
DOIs	https://doi.org/10.1016/0165-1765(84)90175-7
State	Published - 1984
Externally published	Yes

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/0165-1765(84)90175-7

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title = "Recursive competitive equilibrium. A parametric example",

abstract = "In this paper we demonstrate how the neoclassical model of stochastic growth can be decentralized in a recursive competitive framework. We provide a closed form parametric example to facilitate a conceptual understanding of the more abstract variations of this line of research.",

author = "Rajnish Mehra",

note = "Funding Information: * I wish to thank John Donaldson for his helpful comments. Financial support from the National Science Foundation and the Faculty Research Fund of the Graduate School of Business Columbia University is gratefully acknowledged.",

year = "1984",

doi = "10.1016/0165-1765(84)90175-7",

language = "English (US)",

volume = "16",

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journal = "Economics Letters",

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T1 - Recursive competitive equilibrium. A parametric example

AU - Mehra, Rajnish

N1 - Funding Information: * I wish to thank John Donaldson for his helpful comments. Financial support from the National Science Foundation and the Faculty Research Fund of the Graduate School of Business Columbia University is gratefully acknowledged.

PY - 1984

Y1 - 1984

N2 - In this paper we demonstrate how the neoclassical model of stochastic growth can be decentralized in a recursive competitive framework. We provide a closed form parametric example to facilitate a conceptual understanding of the more abstract variations of this line of research.

AB - In this paper we demonstrate how the neoclassical model of stochastic growth can be decentralized in a recursive competitive framework. We provide a closed form parametric example to facilitate a conceptual understanding of the more abstract variations of this line of research.

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U2 - 10.1016/0165-1765(84)90175-7

DO - 10.1016/0165-1765(84)90175-7

M3 - Article

AN - SCOPUS:0010902605

SN - 0165-1765

VL - 16

SP - 273

EP - 278

JO - Economics Letters

JF - Economics Letters

IS - 3-4

ER -

Recursive competitive equilibrium. A parametric example

Abstract

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