dc.contributor.author | Jensen, Martin Kaae | |
dc.contributor.author | Acemoglu, K. Daron | |
dc.date.accessioned | 2018-03-01T20:25:45Z | |
dc.date.available | 2018-03-01T20:25:45Z | |
dc.date.issued | 2015-06 | |
dc.identifier.issn | 0022-3808 | |
dc.identifier.issn | 1537-534X | |
dc.identifier.uri | http://hdl.handle.net/1721.1/113904 | |
dc.description.abstract | We consider infinite-horizon economies populated by a continuum of agents subject to idiosyncratic shocks. This framework contains models of saving and capital accumulation with incomplete markets in the spirit of works by Bewley, Aiyagari, and Huggett; models of entry, exit, and industry dynamics in the spirit of Hopenhayn’s work; and dynamic models of occupational choice and search models as special cases. Robust and easy-to-apply comparative statics results are established with respect to exogenous parameters as well as various kinds of changes in the Markov processes governing the law of motion of the idiosyncratic shocks. | en_US |
dc.publisher | University of Chicago Press | en_US |
dc.relation.isversionof | http://dx.doi.org/10.1086/680685 | en_US |
dc.rights | Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. | en_US |
dc.source | University of Chicago Press | en_US |
dc.title | Robust Comparative Statics in Large Dynamic Economies | en_US |
dc.type | Article | en_US |
dc.identifier.citation | Acemoglu, Daron, and Martin Kaae Jensen. “Robust Comparative Statics in Large Dynamic Economies.” Journal of Political Economy 123, no. 3 (June 2015): 587–640. © 2015 The University of Chicago | en_US |
dc.contributor.department | Massachusetts Institute of Technology. Department of Economics | en_US |
dc.contributor.mitauthor | Acemoglu, K. Daron | |
dc.relation.journal | Journal of Political Economy | en_US |
dc.eprint.version | Final published version | en_US |
dc.type.uri | http://purl.org/eprint/type/JournalArticle | en_US |
eprint.status | http://purl.org/eprint/status/PeerReviewed | en_US |
dc.date.updated | 2018-02-12T20:21:44Z | |
dspace.orderedauthors | Acemoglu, Daron; Jensen, Martin Kaae | en_US |
dspace.embargo.terms | N | en_US |
dc.identifier.orcid | https://orcid.org/0000-0003-0908-7491 | |
mit.license | PUBLISHER_POLICY | en_US |