Recursive competitive equilibrium: The case of homogeneous households

Research output: Chapter in Book/Report/Conference proceedingChapter

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 languageEnglish (US)
Title of host publicationTheory of Valuation, Second Edition
PublisherWorld Scientific Publishing Co.
Pages357-371
Number of pages15
ISBN (Electronic)9789812701022
ISBN (Print)9812563741, 9789812563743
DOIs
Publication statusPublished - Jan 1 2005

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ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance(all)

Cite this

Prescott, E. C., & Mehra, R. (2005). Recursive competitive equilibrium: The case of homogeneous households. In Theory of Valuation, Second Edition (pp. 357-371). World Scientific Publishing Co.. https://doi.org/10.1142/9789812701022_0011