Recursive Competitive Equilibrium: The Case of Homogeneous Households

1980/09/01 by Edward C. Prescott, Rajnish Mehra · 1 citation
Economics, Econometrics and Finance · #Economic theories and models

paper · doi:10.2307/1912812

Abstract

AbstractRecursive 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.

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