Recursive equilibrium theory is extended and generalized. Optimality of equilibria and supportability of optima are established in a direct way. Four economic applications are reformulated as recursive competitive equilibria and analyzed.
MLA
Prescott, Edward C., and Rajnish Mehra. “Recursive Competitive Equilibrium: The Case of Homogeneous Households.” Econometrica, vol. 48, .no 6, Econometric Society, 1980, pp. 1365-1379, https://www.jstor.org/stable/1912812
Chicago
Prescott, Edward C., and Rajnish Mehra. “Recursive Competitive Equilibrium: The Case of Homogeneous Households.” Econometrica, 48, .no 6, (Econometric Society: 1980), 1365-1379. https://www.jstor.org/stable/1912812
APA
Prescott, E. C., & Mehra, R. (1980). Recursive Competitive Equilibrium: The Case of Homogeneous Households. Econometrica, 48(6), 1365-1379. https://www.jstor.org/stable/1912812
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