 Capital Theory Equilibrum Analysis and Recursive Utility
ISBN: 978-1-55786-413-0
Hardcover
350 pages
July 1997, Wiley-Blackwell
US $89.95
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Part I: The Recursive Utility Approach.
1. Introduction.
2. What is a Recursive Utility Function?.
3. Why Study Recursive Utility?.
4. Recursive Utility and Commodity Spaces.
5. Conclusion.
.
Part II: Commodity and Price Spaces.
1. Introduction.
2. Commodity Spaces.
3. Commodity Price Dualities.
4. Conclusion.
.
Part III: Representation of Recursive Preferences.
1. Introduction.
2. Preference Orders and Utility Theory.
3. Recursive Utility: The Koopmans Axioms.
4. Impatience, Discounting and Myopia.
5. Recursive Utility: The Aggregator.
6. Conclusion.
.
Part IV: Existence and Characterization of Optimal Paths.
1. Introduction.
2. Fundamentals of Existence Theory.
3. Multisector Capital Accumulation Model.
4. The Existence and Sensitivity of Optimal Paths.
5. Recursive Dynamic Programming.
6. Characterization of Optimal Paths.
7. Conclusion.
.
Part V.
1. Introduction.
2. One-Sector Models.
3. Steady States in Multisectoral Models.
4. Stability of Multisectoral Models.
5. Cycles and Chaos in Optimal Growth.
6. Conclusion.
.
Part VI: Equivalence Principles and Dynamic Equilibria.
1. Introduction.
2. Equivalence Principles for One-Sector Models.
3. Multisector Equivalence Principles.
4. The Transversality Condition and the Hahn Problem.
5. Conclusion.
.
Part VII: Comparative Dynamics.
1. Introduction.
2. The Reduced-Form TAS Model.
3. A Primer of Lattice Programming.
4. Lattice Programming and the Reduced-Form TAS Model.
5. Recursive Utility Models.
6. Conclusion.
.
Part VIII: Dynamic Competitive Equilibrium.
1. Introduction.
2. Dynamic Economies.
3. The Core.
4. The Core and Competitive Equilibrium.
5. Models with Very Heterogeneous Discounting.
6. Conclusion.
1. Introduction.
2. What is a Recursive Utility Function?.
3. Why Study Recursive Utility?.
4. Recursive Utility and Commodity Spaces.
5. Conclusion.
.
Part II: Commodity and Price Spaces.
1. Introduction.
2. Commodity Spaces.
3. Commodity Price Dualities.
4. Conclusion.
.
Part III: Representation of Recursive Preferences.
1. Introduction.
2. Preference Orders and Utility Theory.
3. Recursive Utility: The Koopmans Axioms.
4. Impatience, Discounting and Myopia.
5. Recursive Utility: The Aggregator.
6. Conclusion.
.
Part IV: Existence and Characterization of Optimal Paths.
1. Introduction.
2. Fundamentals of Existence Theory.
3. Multisector Capital Accumulation Model.
4. The Existence and Sensitivity of Optimal Paths.
5. Recursive Dynamic Programming.
6. Characterization of Optimal Paths.
7. Conclusion.
.
Part V.
1. Introduction.
2. One-Sector Models.
3. Steady States in Multisectoral Models.
4. Stability of Multisectoral Models.
5. Cycles and Chaos in Optimal Growth.
6. Conclusion.
.
Part VI: Equivalence Principles and Dynamic Equilibria.
1. Introduction.
2. Equivalence Principles for One-Sector Models.
3. Multisector Equivalence Principles.
4. The Transversality Condition and the Hahn Problem.
5. Conclusion.
.
Part VII: Comparative Dynamics.
1. Introduction.
2. The Reduced-Form TAS Model.
3. A Primer of Lattice Programming.
4. Lattice Programming and the Reduced-Form TAS Model.
5. Recursive Utility Models.
6. Conclusion.
.
Part VIII: Dynamic Competitive Equilibrium.
1. Introduction.
2. Dynamic Economies.
3. The Core.
4. The Core and Competitive Equilibrium.
5. Models with Very Heterogeneous Discounting.
6. Conclusion.
