Social optima in economies with heterogeneous agents
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DOI: 10.1016/j.red.2017.08.003
Abstract: This paper analyzes the problem of computing the social optimum in models with heterogeneous agents subject to idiosyncratic shocks. This is equivalent to a deterministic optimal control problem in which the state variable is the… read more here.
Keywords: methodology; social optima; economies heterogeneous; heterogeneous agents ... See more keywords