Uniqueness of Markov equilibrium in stochastic OLG models with nonclassical production
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DOI: 10.5445/IR/1000031128
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- Hillebrand, Marten, 2014. "Uniqueness of Markov equilibrium in stochastic OLG models with nonclassical production," Economics Letters, Elsevier, vol. 123(2), pages 171-176.
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More about this item
Keywords
Markov equilibrium : Uniqueness; Overlapping generations; Nonclassical production; Markovian production shocks;All these keywords.
JEL classification:
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2012-12-10 (Dynamic General Equilibrium)
- NEP-MIC-2012-12-10 (Microeconomics)
- NEP-ORE-2012-12-10 (Operations Research)
- NEP-UPT-2012-12-10 (Utility Models and Prospect Theory)
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