Recursive Competitive Equilibrium

In this article we define a Recursive Competitive Equilibrium, provide an example and review the related literature. The article is an entry prepared for The New Palgrave: A Dictionary of Economics, 2nd Edition (Palgrave Macmillan: New York).

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Year of publication:	2006-08
Authors:	Mehra, Rajnish
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	AP EFG IFM published as Mehra, Rajnish and E.C.Prescott. “Recursive Competitive Equilibrium: The Case of Homogeneous Households." Econometrica 48 (September 1980): 1365-1379. Number 12433
Classification:	D5 - General Equilibrium and Disequilibrium ; D51 - Exchange and Production Economies ; D53 - Financial Markets ; D61 - Allocative Efficiency; Cost-Benefit Analysis ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; D92 - Intertemporal Firm Choice and Growth, Investment, or Financing ; E21 - Consumption; Saving ; E22 - Capital; Investment (including Inventories); Capacity ; E23 - Production ; G12 - Asset Pricing
Source:	RePEc - Research Papers in Economics

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