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Necessary and Sufficient Conditions for Existence and Uniqueness of Recursive Utilities

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NBER2018-01-01 更新2025-01-04 收录
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We study existence, uniqueness and stability of solutions for a class of discrete time recursive utilities models. By combining two streams of the recent literature on recursive preferences - one that analyzes principal eigenvalues of valuation operators and another that exploits the theory of

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2018-01-01
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