Existence of Stationary Markov Perfect Equilibria in Stochastic Altruistic Growth Economies

被引：12

作者：

Balbus, Lukasz ^{[1
]}

Jaskiewicz, Anna ^{[2
]}

Nowak, Andrzej S. ^{[1
]}

机构：

[1] Univ Zielona Gora, Fac Math Comp Sci & Econometr, Zielona Gora, Poland

[2] Wroclaw Univ Technol, Inst Math & Comp Sci, PL-50370 Wroclaw, Poland

来源：

JOURNAL OF OPTIMIZATION THEORY AND APPLICATIONS | 2015年 / 165卷 / 01期

关键词：

Intergenerational stochastic game; Markov perfect equilibrium; Stochastic economic growth; GAMES; MODELS;

D O I：

10.1007/s10957-014-0555-1

中图分类号：

C93 [管理学]; O22 [运筹学];

学科分类号：

070105 ; 12 ; 1201 ; 1202 ; 120202 ;

摘要：

We study an altruistic growth model with production uncertainty viewed as an intergenerational stochastic game. The existence of stationary Markov perfect equilibria is proved under general assumptions on utility functions for the generations and for non-atomic transition probabilities. This paper answers some issues that arose from the literature in the 1980s decade.

引用

页码：295 / 315

页数：21

共 34 条

[1]

Aliprantis Charalambos D, 2006, A hitchhiker's guide

[2] DYNAMIC EQUILIBRIA IN MULTIGENERATION STOCHASTIC GAMES [J].

ALJ, A ;

HAURIE, A .

IEEE TRANSACTIONS ON AUTOMATIC CONTROL, 1983, 28 (02) :193-203

[3]

Amir R, 1996, ECON THEORY, V8, P367

[4]

[Anonymous], REV EC STUD

[5]

[Anonymous], 419 STANF U I MATH S

[6]

[Anonymous], 1965, Mathematical Foundations of the Calculus of Probability

[7]

[Anonymous], REV EC STUD

[8]

[Anonymous], SANKHYA INDIAN J S A

[9]

[Anonymous], J EC THEORY

[10]

[Anonymous], REV EC STUD

← 1 2 3 4 →