Recursive Competitive Equilibrium
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NBER Working Paper No. 12433
Issued in August 2006
NBER Program(s): AP EFG IFM
In this article we define a Recursive Competitive Equilibrium, provide an example and review the related literature. The article is an entry prepared for The New Palgrave: A Dictionary of Economics, 2nd Edition (Palgrave Macmillan: New York).
Published: Mehra, Rajnish and E.C.Prescott. “Recursive Competitive Equilibrium: The Case of Homogeneous Households." Econometrica 48 (September 1980): 1365-1379.
This paper is available as PDF (898 K) or via email.
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