Equilibria in distorted infinite-horizon economies with capital and labor
成果类型：
Article
署名作者：
Coleman, WJ
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1996.2228
发表日期：
1997
页码：
446-461
关键词：
摘要：
This paper studies a broad class of infinite-horizon economies that are subject to uncertainty, and consist of households that accumulate capital and elastically supply labor. For this class of economies, methods are developed for proving the existence of an equilibrium, for characterizing an equilibrium, and for verifying, at a computational level, that an equilibrium is unique. Some applications of these methods to real and monetary economies are discussed. (C) 1997 Academic Press