Abstract
Recursive equilibrium theory is extended and generalized. Optimality of equilibria and supportability of optima are established in a direct way. Four economic applications are reformulated as recursive competitive equilibria and analyzed.
| Original language | English (US) |
|---|---|
| Title of host publication | Theory of Valuation, Second Edition |
| Publisher | World Scientific Publishing Co. |
| Pages | 357-371 |
| Number of pages | 15 |
| ISBN (Electronic) | 9789812701022 |
| ISBN (Print) | 9812563741, 9789812563743 |
| DOIs | |
| State | Published - Jan 1 2005 |
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Economics, Econometrics and Finance(all)