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NONCOMPUTABLE RATIONAL-EXPECTATIONS EQUILIBRIA
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UNSPECIFIED (1993) NONCOMPUTABLE RATIONAL-EXPECTATIONS EQUILIBRIA. MATHEMATICAL SOCIAL SCIENCES, 25 (2). pp. 133-142. ISSN 0165-4896.
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Abstract
Using techniques drawn from recursive function theory, the computability of rational expectations equilibria in infinite horizon economies is investigated. The concept of a recursive economy is defined. An example of an overlapping generations model is given which is recursive but possesses only monetary equilibria which are non-computable.
Item Type: | Journal Article | ||||
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Subjects: | Q Science > QA Mathematics H Social Sciences |
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Journal or Publication Title: | MATHEMATICAL SOCIAL SCIENCES | ||||
Publisher: | ELSEVIER SCIENCE BV | ||||
ISSN: | 0165-4896 | ||||
Official Date: | February 1993 | ||||
Dates: |
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Volume: | 25 | ||||
Number: | 2 | ||||
Number of Pages: | 10 | ||||
Page Range: | pp. 133-142 | ||||
Publication Status: | Published |
Data sourced from Thomson Reuters' Web of Knowledge
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