Structure of Pareto Optima When Agents Have Stochastic Recursive Preferences
Rui Kan
Abstract
Rui Kan
Abstract
A recursive method is given for constructing all Pareto optimal allocations for a dynamic economy under Markov certainty in which consumer preferences are recursive. Journal of Economic Literature Classification Numbers: C60, D50.
OpenAlex reports 35 citations for this work. Citation counts describe recorded attention and do not establish research quality.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
A recursive method is given for constructing all Pareto optimal allocations for a dynamic economy under Markov certainty in which consumer preferences are recursive. Journal of Economic Literature Classification Numbers: C60, D50.
Key concepts: Pareto optimal, Pareto principle, Certainty, Mathematical optimization, Mathematical economics, Markov chain, Economics, Markov process