An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity (vol 182, pg 1, 2019)
成果类型：
Correction
署名作者：
Stachurski, John; Toda, Alexis Akira
署名单位：
Australian National University; University of California System; University of California San Diego
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1016/j.jet.2020.105066
发表日期：
2020
关键词：
摘要：
This note corrects the proof of Proposition 5 in Stachurski and Toda (2019), which shows that the consumption function has an explicit linear lower bound and is used to prove their main result that wealth inherits the tail behavior of income in Bewley-Huggett-Aiyagari models. (C) 2020 Elsevier Inc. All rights reserved.
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