Questions tagged [heterogeneity]
The heterogeneity tag has no usage guidance.
3
questions
1
vote
0answers
18 views
Wealth Distribution and market incompletness
From the literature of incomplete market (e.g. Aiyagary 1993,1994), it seems to be the case that:
With complete markets, the capital distribution in the final steady
state depends on the distribution ...
1
vote
1answer
77 views
Can heterogeneous prices be consistent with competitive equilibrium?
I do not want to put many constraints on the structure of the problem, except by defining a competitive equilibrium as such where firms are price takers in the factor and good(s) market, and, perhaps (...
1
vote
0answers
21 views
Continuum limit of a weighted mean of heterogeneous discount factors
I try to find the limit of the following expression of a weighted mean of a series of discount rate $\rho_{i}$
Here is the expression ;
$$\rho_{\eta}\left(t\right)=\frac{\sum_{i}^{N}\rho_{i}\left(\...
