Questions tagged [heterogeneity]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
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(\...