Existence of Generalized Recursive Equilibrium in Krusell and Smith (1998)

2016 ◽  
Author(s):  
Dan Cao
Keyword(s):  
Recursive Equilibrium

On the nonexistence of recursive equilibrium in stochastic OLG economies

2007 ◽  
Vol 37 (3) ◽  
pp. 417-437 ◽  
Author(s):  
Alessandro Citanna ◽  
Paolo Siconolfi
Keyword(s):  
Recursive Equilibrium

scholarly journals Assessment of model validation outcomes of a new recursive spatial equilibrium model for the Greater Beijing

2017 ◽  
Vol 46 (5) ◽  
pp. 805-825 ◽  
Author(s):  
Li Wan ◽  
Ying Jin
Keyword(s):  
Model Validation ◽  
Equilibrium Model ◽  
Expert Assessment ◽  
Model Parameters ◽  
Multiple Time ◽  
Spatial Equilibrium ◽  
Beijing City ◽  
Spatial Equilibrium Model ◽  
Recursive Equilibrium ◽  
Validation Strategy

Robust calibration and validation of applied urban models are prerequisites for their successful, policy-cogent use. This is particularly important today when expert assessment is questioned and closely scrutinized. This paper proposes a new model calibration-validation strategy based on a spatial equilibrium model that incorporates multiple time horizons, such that the predictive capabilities of the model can be empirically tested. The model is implemented for the Greater Beijing city region and the model validation strategy is demonstrated over the Census years 2000 to 2010. Through forward/backward forecasting, the model validation helps to verify the stability of the model parameters as well as the predictive capabilities of the recursive equilibrium framework. The proposed modelling strategy sets a new standard for verifying and validating recursive equilibrium models. We also consider the wider implications of the approach.

Comparing Recursive Equilibrium in Economies with Dynamic Complementarities and Indeterminacy

2016 ◽  
Author(s):  
Manjira Datta ◽  
Kevin Reffett ◽  
Lukasz Patryk Wozny
Keyword(s):  
Recursive Equilibrium

Recursive Equilibrium in Stochastic Overlapping-Generations Economies

Econometrica ◽  
2010 ◽  
Vol 78 (1) ◽  
pp. 309-347 ◽  
Keyword(s):  
Overlapping Generations ◽  
Recursive Equilibrium

scholarly journals Which recursive equilibrium?

2010 ◽  
Author(s):  
Manjira Datta ◽  
Leonard J. Mirman ◽  
Olivier F. Morand ◽  
Kevin Reffett
Keyword(s):  
Recursive Equilibrium

Comparing recursive equilibrium in economies with dynamic complementarities and indeterminacy

2017 ◽  
Vol 66 (3) ◽  
pp. 593-626 ◽  
Author(s):  
Manjira Datta ◽  
Kevin Reffett ◽  
Łukasz Woźny
Keyword(s):  
Recursive Equilibrium

MODERN RECURSIVE EQUILIBRIUM AND THE BASIC PRICING EQUATION

2013 ◽  
pp. 113-124
Author(s):  
Patrick L. Anderson
Keyword(s):  
Recursive Equilibrium

Lipschitz recursive equilibrium with a minimal state space and heterogeneous agents

2019 ◽  
Vol 82 ◽  
pp. 98-111
Author(s):  
Rodrigo Raad ◽  
Łukasz Woźny
Keyword(s):  
State Space ◽  
Heterogeneous Agents ◽  
Minimal State ◽  
Recursive Equilibrium

Recursive equilibrium in stochastic OLG economies: Incomplete markets

2012 ◽  
Vol 48 (5) ◽  
pp. 322-337 ◽  
Author(s):  
Alessandro Citanna ◽  
Paolo Siconolfi
Keyword(s):  
Incomplete Markets ◽  
Recursive Equilibrium
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