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Market equilibrium with heterogeneous recursive-utility-maximizing agents

✍ Scribed by Chenghu Ma

Book ID
120746444
Publisher
Springer
Year
1996
Tongue
English
Weight
161 KB
Volume
7
Category
Article
ISSN
0938-2259

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πŸ“œ SIMILAR VOLUMES

Balanced-growth-consistent recursive uti
Balanced-growth-consistent recursive utility and heterogeneous agents
✍ Michael Ben-Gad πŸ“‚ Article πŸ“… 1998 πŸ› Elsevier Science 🌐 English βš– 74 KB

The replacement of time-additive separability with recursive utility greatly expands the opportunity to incorporate heterogenous agents within Ramsey optimal growth models. Dolmas has demonstrated that there exists a class of aggregator functions that are consistent with balanced growth paths. This