Markov perfect equilibria in altruistic growth economies with production uncertainty

DOI10.1016/0022-0531(89)90109-9zbMath0692.90030OpenAlexW2056358506WikidataQ115792402 ScholiaQ115792402MaRDI QIDQ584054

B. Douglas Bernheim, Debraj Ray

Publication date: 1989

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(89)90109-9

zbMATH Keywords

aggregation infinite horizon modelsaltruistic growth economiesexistence of Markov perfect equilibriaproduction uncertainty

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Economic growth models (91B62)

Related Items

Non-paternalistic intergenerational altruism revisited ⋮ On price characterization and Pareto-efficiency of game equilibrium growth ⋮ Preface: Special issue on dynamic games in macroeconomics ⋮ Nonpaternalistic intergenerational altruism ⋮ Time-consistent control in nonlinear models ⋮ Political competition in a model of economic growth: Some theoretical results ⋮ Markov-perfect equilibria in intergenerational games with consistent preferences ⋮ On non-existence of Markov equilibria in competitive-market economies ⋮ Markov decision processes with quasi-hyperbolic discounting ⋮ Markov perfect equilibria in altruistic growth economies with production uncertainty ⋮ Efficiency and endogenous fertility ⋮ Utility functionals with nonpaternalistic intergenerational altruism ⋮ Differentiable Nash equilibria in altruistic economies ⋮ Existence of stationary Markov perfect equilibria in stochastic altruistic growth economies

Cites Work

• Markov perfect equilibria in altruistic growth economies with production uncertainty
• Nonpaternalistic intergenerational altruism
• On the existence of rational expectations equilibrium
• On some problems arising from Professor Rawls' conception of distributive justice
• A model of economic growth with altruism between generations
• Economic Growth with Intergenerational Altruism
• Existence and Characterization of Perfect Equilibrium in Games of Perfect Information
• The Existence of Perfect Equilibria in a Model of Growth with Altruism between Generations
• On the Existence of Markov-Consistent Plans under Production Uncertainty
• Consistent Plans
• Intergenerational Transfers and the Distribution of Earnings
• On Nash Equilibrium Programs of Capital Accumulation under Altruistic Preferences
• On the Existence of a Consistent Course of Action when Tastes are Changing