Abstract

We prove generic existence of recursive equilibrium for overlapping generations economies with uncertainty. "Generic" here means in a residual set of utilities and endowments. The result holds provided there is sufficient intragenerational household heterogeneity.

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Citation

Siconolfi, Paolo, and Alessandro Citanna. "Recursive equilibrium in stochastic overlapping-generations economies." Econometrica 78, no. 1 (January 2010): 309-347.

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