). 2. the recursive equations and optimality conditions are necessary for SSPE but insufficient because these equations can … condition. Quasi SSPE only satisfy the recursive equations and optimality conditions. These always exist and are SSPE if either …

). 2. the recursive equations and optimality conditions are necessary for SSPE but insufficient because these equations can … condition. Quasi SSPE only satisfy the recursive equations and optimality conditions. These always exist and are SSPE if either …

). 2. the recursive equations and optimality conditions are necessary for SSPE but insufficient because these equations can … condition. Quasi SSPE only satisfy the recursive equations and optimality conditions. These always exist and are SSPE if either …

recursive equations widely used in Economics. …

classes is equal to the golden ratio. Solutions are found by use of Markov chains through solution of recursive equations …