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.
Full Citation
Siconolfi, Paolo. “Recursive equilibrium in stochastic overlapping-generations economies.”
Econometrica
vol. 78,
(January 01, 2010): 309-347.