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ALOP-Colloquium with Felix Kuebler
20. June 2016 / 16:00 - 18:00
On June 20, 2016, Felix Kuebler from the University Zurich, Institute of Banking and Finance will join the ALOP-Colloquium and present his recent work. At 15:45 there will be a coffee hour in E10. At 16:15 the presentation will take place in HS10.
Recursive equilibria in dynamic economies with stochastic production (mit Johannes Brumm und Dominika Kryczka)
In this paper, we prove the existence of recursive equilibria in stochastic production economies with infinitely lived agents and incomplete financial markets. We consider a general dynamic model with several commodities and general inter- and intra-temporal production, which encompasses heterogeneous agent versions of both the Lucas asset pricing model and the stochastic neo-classical growth model as special cases.