Publication:
Recursive utility with unbounded aggregators

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorRincón-Zapatero, Juan Pablo
dc.contributor.authorRodríguez-Palmero, C.
dc.date.accessioned2012-10-04T12:14:00Z
dc.date.available2012-10-04T12:14:00Z
dc.date.issued2007
dc.descriptionThe original publication is available at www.springerlink.com
dc.description.abstractA new framework is presented for the study of the existence and uniqueness of solutions to the Koopmans' equation in the unbounded case, that is based on the contraction mapping approach. In the bounded below case with bounded consumption streams, uniqueness of the solution in the whole class of weak-star continuous utility functions is obtained. When the aggregator is unbounded below and/or consumption streams are unbounded, existence of a weak-star continuous solution is shown, and a simple criterium to check the sufficient conditions for existence is provided.
dc.description.sponsorshipJuan Pablo Rincón-Zapatero and Carlos Rodríguez-Palmero gratefully acknowledge financial support by the Ministerio de Educación y Ciencia and FEDER funds under Research Projects MTM2005-06534 and SEJ2005-08709/ECON, respectively, and by Consejería de Educación de la Junta de Castilla y León under Research Projects VA99/04 and VA017B05, respectively. This paper has substantially benefited from the comments of an anonymous referee. Particular and special thanks are due to Robert Becker for his very helpful comments and valuable suggestions.
dc.description.statusPublicado
dc.format.mimetypetext/plain
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationEconomic Theory. 2007, vol. 33, n. 2, p. 381-391
dc.identifier.doi10.1007/s00199-007-0215-x
dc.identifier.issn1432-0479
dc.identifier.publicationfirstpage381
dc.identifier.publicationissue2
dc.identifier.publicationlastpage391
dc.identifier.publicationtitleEconomic Theory
dc.identifier.publicationvolume33
dc.identifier.urihttps://hdl.handle.net/10016/5579
dc.language.isoeng
dc.publisherSpringer
dc.relation.publisherversionhttp://dx.doi.org/10.1007/s00199-007-0215-x
dc.rights© Springer
dc.rights.accessRightsopen access
dc.subject.ecienciaEconomía
dc.titleRecursive utility with unbounded aggregators
dc.typeresearch article*
dc.type.hasVersionAM*
dc.type.reviewPeerReviewed
dspace.entity.typePublication
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