Recursive competitive equilibrium. A parametric example

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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 languageEnglish (US)
Pages (from-to)273-278
Number of pages6
JournalEconomics Letters
Volume16
Issue number3-4
DOIs
StatePublished - 1984

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ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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