Browsing by Keyword "Recursive equilibrium"
Now showing items 1-3 of 3
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Approximate recursive equilibrium with minimal state space
2013-02-26This paper shows existence of approximate recursive equilibrium with minimal state space in an environment of incomplete markets. We prove that the approximate recursive equilibrium implements an approximate sequential ... -
Exogenous expectations on endogenous uncertainty: recursive equilibrium and survival
2011-04-18This paper analyses general equilibrium models with finite heterogeneous agents having exogenous expectations on endogenous uncertainty. It is shown that there exists a recursive equilibrium with the state space consisting ... -
Recursive equilibrium with Price Perfect Foresight and a minimal state space
2016-01This paper analyzes general equilibrium models with finite heterogeneous agents who anticipate future prices through a price expectation function with or without accuracy. I show the existence of a recursive equilibrium ...
