Time–varying rational expectations models
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Economic Dynamics and Control"
DOI: 10.1016/j.jedc.2019.103731
Abstract: This paper develops a comprehensive theory for rational expectations models with time–varying (random) coefficients. Based on the Multiplicative Ergodic Theorem it develops a “linear algebra” in terms of Lyapunov exponents, defined as the asymptotic growth… read more here.
Keywords: time; models time; expectations models; time varying ... See more keywords
Ex-post core, fine core and rational expectations equilibrium allocations
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Mathematical Economics"
DOI: 10.1016/j.jmateco.2017.12.001
Abstract: This paper investigates the ex-post core and its relationships to the fine core and the set of rational expectations equilibrium allocations in an oligopolistic economy with asymmetric information, in which the set of agents consists… read more here.
Keywords: equilibrium allocations; post core; rational expectations; expectations equilibrium ... See more keywords