Robust Comparative Statics in Large Dynamic Economies
We consider infinite-horizon economies populated by a continuum of agents subject to idiosyncratic shocks. This framework contains models of saving and capital accumulation with incomplete markets in the spirit of works by Bewley, Aiyagari, and Huggett; models of entry, exit, and industry dynamics i...
Main Authors: | Jensen, Martin Kaae (Author), Acemoglu, K. Daron (Contributor) |
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Other Authors: | Massachusetts Institute of Technology. Department of Economics (Contributor) |
Format: | Article |
Language: | English |
Published: |
University of Chicago Press,
2018-03-01T20:25:45Z.
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Subjects: | |
Online Access: | Get fulltext |
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