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Unique Solutions of Some Recursive Equations in Economic Dynamics

Author

Listed:
  • Massimo Marinacci
  • Luigi Montrucchio

Abstract

We study unique and globally attracting solutions of a general nonlinear equation that has as special cases some recursive equations widely used in Economics.

Suggested Citation

  • Massimo Marinacci & Luigi Montrucchio, 2007. "Unique Solutions of Some Recursive Equations in Economic Dynamics," Carlo Alberto Notebooks 46, Collegio Carlo Alberto.
    • Handle: RePEc:cca:wpaper:46
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    File URL: https://www.carloalberto.org/wp-content/uploads/2018/11/no.46.pdf
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    Cited by:

    1. Guerdjikova, Ani & Sciubba, Emanuela, 2015. "Survival with ambiguity," Journal of Economic Theory, Elsevier, vol. 155(C), pages 50-94.

    More about this item

    Keywords

    Recursive equations; Intertemporal consumption;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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