Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
986529 | Review of Economic Dynamics | 2011 | 4 Pages |
Abstract
I refine and extend the Markov perfect equilibrium of the social security policy game in Forni (2005) for the special case of logarithmic utility. Under the restriction that the policy function be continuous, instead of differentiable, the equilibrium is globally well defined and its dynamics always stable.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Martín Gonzalez-Eiras,