Recursive Equilibrium in Endogenous Growth Models with Incomplete Markets

This paper analyzes the existence of recursive equilibria in a class of convex growth models with incomplete markets. Households have identical CRRA-preferences, production displays constant returns to scale with respect to physical and human capital, and all markets are competitive. There are aggre...

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Bibliographic details
Volume: 29
Main Author: Tom Krebs
Format: Journal Article
Language: English
Place of publication: Berlin/Heidelberg Springer-Verlag 01.11.2006
SPRINGER
published in: Economic theory Vol. 29; no. 3; pp. 505 - 523
Data of publication: 20061101
ISSN: 0938-2259
1432-0479
EISSN: 1432-0479
Discipline: Economics
Subjects:
D52
G50
Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2006
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