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Stochastic overlapping generations with non-convex budget sets

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  • Geng, Runjie
  • Kubler, Felix

Abstract

Non-convexities and discrete choices have become important modeling tools in modern macroeconomics. Unfortunately, the existence of competitive equilibria in the presence of such non-convexities is not always ensured, and most results on the existence of equilibrium that can be found in the literature do not directly apply to models used in applications.

Suggested Citation

  • Geng, Runjie & Kubler, Felix, 2023. "Stochastic overlapping generations with non-convex budget sets," Journal of Mathematical Economics, Elsevier, vol. 107(C).
    • Handle: RePEc:eee:mateco:v:107:y:2023:i:c:s0304406823000599
    DOI: 10.1016/j.jmateco.2023.102866
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    References listed on IDEAS

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