Incomplete-Market Equilibria Solved Recursively on an Event Tree
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We develop a method that allows one to compute incomplete-market equilibria routinely for Markovian equilibria (when they exist). The main difficulty to be overcome arises from the set of state variables. There are, of course, exogenous state variables driving the economy but, in an incomplete
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美国国家经济研究局创建时间：
2008-12-01
