Robust Comparative Statics in Large Dynamic Economies
We consider infinite horizon economies populated by a continuum of agents who are 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, and models of entry, exit and industry...
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| Format: | Working Paper |
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Cambridge, MA: Department of Economics,Massachusetts Institute of Technology
2012
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| Online Access: | http://hdl.handle.net/1721.1/71535 |