Publication: Uniformly self-justified equilibria
Uniformly self-justified equilibria
Date
Date
Date
Citations
Kubler, F., & Scheidegger, S. (2023). Uniformly self-justified equilibria (SSRN). https://doi.org/10.2139/ssrn.3995209
Abstract
Abstract
Abstract
We consider dynamic stochastic economies with heterogeneous agents and introduce the concept of uniformly self-justified equilibria (USJE) - temporary equilibria for which expectations satisfy the following rationality requirements: i) individuals' forecasting functions for the next period's endogenous variables are assumed to lie in a compact, finite-dimensional set of functions, and ii) the forecasts constitute the best uniform approximation to a selection of the equilibrium correspondence. We show that in contrast to rational expec
Metrics
Downloads
Views
Citations
Additional indexing
Creators (Authors)
- Scheidegger, Simon
Series Name
Series Name
Series Name
Item Type
Item Type
Item Type
In collections
JEL Classification
JEL Classification
JEL Classification
C68
D50
D52
Keywords
Scope
Scope
Scope
Language
Language
Language
Publication date
Publication date
Publication date
Date available
Date available
Date available
Number of pages
Number of pages
Number of pages
ISSN or e-ISSN
ISSN or e-ISSN
ISSN or e-ISSN
Additional Information
Additional Information
Additional Information
OA Status
OA Status
OA Status
Publisher DOI
Other Identification Number
Other Identification Number
Other Identification Number
Metrics
Downloads
Views
Citations
Citations
Kubler, F., & Scheidegger, S. (2023). Uniformly self-justified equilibria (SSRN). https://doi.org/10.2139/ssrn.3995209
