A Mean Field Capital Accumulation Game with HARA Utility
Author
Abstract
Suggested Citation
DOI: 10.1007/s13235-013-0092-9
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Lambson, Val Eugene, 1984. "Self-enforcing collusion in large dynamic markets," Journal of Economic Theory, Elsevier, vol. 34(2), pages 282-291, December.
- Askenazy, Philippe & Le Van, Cuong, 1999.
"A Model of Optimal Growth Strategy,"
Journal of Economic Theory, Elsevier, vol. 85(1), pages 24-51, March.
- Askenazy, Philippe & Le Van, 1997. "A model of optimal growth strategy," CEPREMAP Working Papers (Couverture Orange) 9707, CEPREMAP.
- Askenazy, P. & Le Van, C., 1997. "A Model of Optimal Growth Strategy," DELTA Working Papers 97-27, DELTA (Ecole normale supérieure).
- Gabriel Y. Weintraub & C. Lanier Benkard & Benjamin Van Roy, 2008. "Markov Perfect Industry Dynamics With Many Firms," Econometrica, Econometric Society, vol. 76(6), pages 1375-1411, November.
- Jovanovic, Boyan & Rosenthal, Robert W., 1988.
"Anonymous sequential games,"
Journal of Mathematical Economics, Elsevier, vol. 17(1), pages 77-87, February.
- Jovanovic, Boyan & Rosenthal, Robert W., 1986. "Anonymous Sequential Games," Working Papers 86-12, C.V. Starr Center for Applied Economics, New York University.
- Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
- Olivier Guéant & Pierre Louis Lions & Jean-Michel Lasry, 2011. "Mean Field Games and Applications," Post-Print hal-01393103, HAL.
- Amir, Rabah, 1996.
"Continuous Stochastic Games of Capital Accumulation with Convex Transitions,"
Games and Economic Behavior, Elsevier, vol. 15(2), pages 111-131, August.
- AMIR , Rabah, 1995. "Continuous Stochastic Games of Capital Accumulation with Convex Transition," LIDAM Discussion Papers CORE 1995009, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Amir, R., 1996. "Continuous stochastic games of capital accumulation with convex transitions," LIDAM Reprints CORE 1227, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Łukasz Balbus & Andrzej S. Nowak, 2004. "Construction of Nash equilibria in symmetric stochastic games of capital accumulation," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 60(2), pages 267-277, October.
- David Cass, 1965. "Optimum Growth in an Aggregative Model of Capital Accumulation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(3), pages 233-240.
- Olson, Lars J. & Roy, Santanu, 2000. "Dynamic Efficiency of Conservation of Renewable Resources under Uncertainty," Journal of Economic Theory, Elsevier, vol. 95(2), pages 186-214, December.
- William A. Brock & Leonard J. Mirman, 2001.
"Optimal Economic Growth And Uncertainty: The Discounted Case,"
Chapters, in: W. D. Dechert (ed.), Growth Theory, Nonlinear Dynamics and Economic Modelling, chapter 1, pages 3-37,
Edward Elgar Publishing.
- Brock, William A. & Mirman, Leonard J., 1972. "Optimal economic growth and uncertainty: The discounted case," Journal of Economic Theory, Elsevier, vol. 4(3), pages 479-513, June.
- Dockner, Engelbert J. & Nishimura, Kazuo, 2005. "Capital accumulation games with a non-concave production function," Journal of Economic Behavior & Organization, Elsevier, vol. 57(4), pages 408-420, August.
- Robert J. Barro & Xavier Sala-I-Martin, 1992.
"Public Finance in Models of Economic Growth,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(4), pages 645-661.
- Robert J. Barro & Xavier Sala-i-Martin, 1990. "Public Finance in Models of Economic Growth," NBER Working Papers 3362, National Bureau of Economic Research, Inc.
- Sala-I-Martin, X. & Barro, R.J., 1991. "Public Finance in Models of Economic Growth," Papers 640, Yale - Economic Growth Center.
- Barro, Robert J. & Sala-i-Martin, Xavier, 1992. "Public Finance in Models of Economic Growth," CEPR Discussion Papers 630, C.E.P.R. Discussion Papers.
- Hamidou Tembine & Quanyan Zhu & Tamer Basar, 2011. "Risk-sensitive mean field stochastic differential games," Post-Print hal-00643547, HAL.
- Mendelssohn, Roy & Sobel, Matthew J., 1980. "Capital accumulation and the optimization of renewable resource models," Journal of Economic Theory, Elsevier, vol. 23(2), pages 243-260, October.
- Lars J. Olson & Santanu Roy, 2006.
"Theory of Stochastic Optimal Economic Growth,"
Springer Books, in: Rose-Anne Dana & Cuong Le Van & Tapan Mitra & Kazuo Nishimura (ed.), Handbook on Optimal Growth 1, chapter 11, pages 297-335,
Springer.
- Olson, Lars J. & Roy, Santanu, 2005. "Theory of Stochastic Optimal Economic Growth," Working Papers 28601, University of Maryland, Department of Agricultural and Resource Economics.
- Merton, Robert C, 1969. "Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case," The Review of Economics and Statistics, MIT Press, vol. 51(3), pages 247-257, August.
- R. Buckdahn & P. Cardaliaguet & M. Quincampoix, 2011. "Some Recent Aspects of Differential Game Theory," Dynamic Games and Applications, Springer, vol. 1(1), pages 74-114, March.
- Jerusalem D. Levhari & T. N. Srinivasan, 1969. "Optimal Savings under Uncertainty," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 36(2), pages 153-163.
- Day, Richard H, 1982. "Irregular Growth Cycles," American Economic Review, American Economic Association, vol. 72(3), pages 406-414, June.
- Liu, Wen-Fang & Turnovsky, Stephen J., 2005. "Consumption externalities, production externalities, and long-run macroeconomic efficiency," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 1097-1129, June.
- repec:dau:papers:123456789/6046 is not listed on IDEAS
- Duffie, Darrell & Fleming, Wendell & Soner, H. Mete & Zariphopoulou, Thaleia, 1997. "Hedging in incomplete markets with HARA utility," Journal of Economic Dynamics and Control, Elsevier, vol. 21(4-5), pages 753-782, May.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Tapan Mitra & Santanu Roy, 2023. "Stochastic growth, conservation of capital and convergence to a positive steady state," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(1), pages 311-351, July.
- Wilbur John Coleman, 1988. "Money, interest, and capital in a cash-in-advance economy," International Finance Discussion Papers 323, Board of Governors of the Federal Reserve System (U.S.).
- Jones, Larry E. & Manuelli, Rodolfo E., 2005. "Neoclassical Models of Endogenous Growth: The Effects of Fiscal Policy, Innovation and Fluctuations," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 1, pages 13-65, Elsevier.
- Santanu Roy & Itzhak Zilcha, 2012.
"Stochastic growth with short-run prediction of shocks,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 51(3), pages 539-580, November.
- Roy, Santanu & Zilcha, Itzhak, 2012. "Stochastic Growth with Short-run Prediction of Shocks," Foerder Institute for Economic Research Working Papers 275773, Tel-Aviv University > Foerder Institute for Economic Research.
- Frédéric Lordon, 1991. "Théorie de la croissance : quelques développements récents [Première partie : la croissance récente]," Revue de l'OFCE, Programme National Persée, vol. 36(1), pages 157-211.
- Lars J. Olson & Santanu Roy, 2006.
"Theory of Stochastic Optimal Economic Growth,"
Springer Books, in: Rose-Anne Dana & Cuong Le Van & Tapan Mitra & Kazuo Nishimura (ed.), Handbook on Optimal Growth 1, chapter 11, pages 297-335,
Springer.
- Olson, Lars J. & Roy, Santanu, 2005. "Theory of Stochastic Optimal Economic Growth," Working Papers 28601, University of Maryland, Department of Agricultural and Resource Economics.
- Takashi Kamihigashi & John Stachurski, 2011. "Existence, Stability and Computation of Stationary Distributions: An Extension of the Hopenhayn-Prescott Theorem," Discussion Paper Series DP2011-32, Research Institute for Economics & Business Administration, Kobe University.
- Susanne Soretz, 2003.
"Stochastic Pollution and Environmental Care in an Endogenous Growth Model,"
Manchester School, University of Manchester, vol. 71(4), pages 448-469, July.
- Susanne Soretz, 2002. "Stochastic Pollution and Environmental Care in an Endogenous Growth Model," Computing in Economics and Finance 2002 74, Society for Computational Economics.
- Soretz, Susanne, 2002. "Stochastic Pollution and Environmental Care in an Endogenous Growth Model," Hannover Economic Papers (HEP) dp-259, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Tobón Arias, Alexander, 2022. "La estructura lógica de la teoría del equilibrio general dinámico estocástico," Borradores Departamento de Economía 20477, Universidad de Antioquia, CIE.
- Martin Victor & Vazquez Guillermo, 2015. "Club convergence in Latin America," The B.E. Journal of Macroeconomics, De Gruyter, vol. 15(2), pages 791-820, July.
- Torre, Davide La & Marsiglio, Simone & Mendivil, Franklin & Privileggi, Fabio, 2019.
"A stochastic economic growth model with health capital and state-dependent probabilities,"
Chaos, Solitons & Fractals, Elsevier, vol. 129(C), pages 81-93.
- La Torre, Davide & Marsiglio, Simone & Mendivil, Franklin & Privileggi, Fabio, 2019. "A Stochastic Economic Growth Model with Health Capital and State-Dependent Probabilities," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201910, University of Turin.
- Alogoskoufis, G.S. & van der Ploeg, F., 1991.
"Money and growth revisited,"
Discussion Paper
1991-9, Tilburg University, Center for Economic Research.
- Alogoskoufis, George & van der Ploeg, Frederick, 1991. "Money and Growth Revisited," CEPR Discussion Papers 532, C.E.P.R. Discussion Papers.
- Alogoskoufis, G.S. & Van Der Ploeg, F., 1991. "Money and Growth Revisited," Papers 9109, Tilburg - Center for Economic Research.
- Alogoskoufis, G.S. & van der Ploeg, F., 1991. "Money and growth revisited," Other publications TiSEM 88f0d1bd-d292-418e-a7f7-a, Tilburg University, School of Economics and Management.
- Matheus Assaf, 2017. "Coast to Coast: How MIT's students linked the Solow model and optimal growth theory," Working Papers, Department of Economics 2017_20, University of São Paulo (FEA-USP).
- Roa Maria J & Vazquez Francisco Jose & Saura Dulce, 2008. "Unemployment and Economic Growth Cycles," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 12(2), pages 1-21, May.
- Gomes, Orlando, 2007. "Externalities in R&D: a route to endogenous fluctuations," MPRA Paper 2850, University Library of Munich, Germany.
- Dimitrios Paparas & Christian Richter, 2015. "Fiscal policy and economic growth: Empirical evidence from the European Union," Working Papers 2015.06, International Network for Economic Research - INFER.
- Dimitrios PAPARAS & Christian RICHTER & Alexandros PAPARAS, 2015. "Fiscal Policy and Economic Growth, Empirical Evidence in European Union," Turkish Economic Review, KSP Journals, vol. 2(4), pages 239-268, December.
- Carolina Gómez Cuenca, 2006. "CONVERGENCIA REGIONAL EN COLOMBIA: un enfoque en los Agregados Monetarios y en el Sector Exportador," Ensayos Sobre Economía Regional (ESER) 2201, Banco de la República - Economía Regional.
- Coleman, Wilbur John, II, 1991.
"Equilibrium in a Production Economy with an Income Tax,"
Econometrica, Econometric Society, vol. 59(4), pages 1091-1104, July.
- Wilbur John Coleman, 1989. "Equilibrium in a production economy with an income tax," International Finance Discussion Papers 366, Board of Governors of the Federal Reserve System (U.S.).
- George-Marios Angeletos & Laurent E. Calvet, 2001. "Incomplete Markets, Growth, and the Business Cycle," Harvard Institute of Economic Research Working Papers 1910, Harvard - Institute of Economic Research.
More about this item
Keywords
Stochastic growth; Investment; Consumption; Externality; Mean field approximation; Nash equilibrium; Out-of-equilibrium behavior;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:dyngam:v:3:y:2013:i:4:p:446-472. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.