Recursive competitive equilibrium: The case of homogeneous households

Research output: Chapter in Book/Report/Conference proceedingChapter


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.
Number of pages15
ISBN (Electronic)9789812701022
ISBN (Print)9812563741, 9789812563743
Publication statusPublished - Jan 1 2005


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..