Cagetti, Marco (contributor); … - 2004 - [Elektronische Ressource]
.
To disentangle these effects we report, in some cases, three different types
of experiments for a given tax policy. In the … is taken with respect to the
invariant distribution of y and θ.
3.7 Equilibrium
Let x =(a …
M(x,·), which provides the probability distribution of x
prime
(the state next pe-
riod) conditional on x.
15
A …