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
StatePublished - Jan 1 2005

Fingerprint

Equilibrium theory
Recursive equilibrium
Competitive equilibrium
Economics
Household
Optimality

ASJC Scopus subject areas

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

Cite this

Prescott, E., & 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

Recursive competitive equilibrium : The case of homogeneous households. / Prescott, Edward; Mehra, Rajnish.

Theory of Valuation, Second Edition. World Scientific Publishing Co., 2005. p. 357-371.

Research output: Chapter in Book/Report/Conference proceedingChapter

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