Przeglądaj Kolegium Analiz Ekonomicznych / Collegium of Economic Analysis według autora "Reffett, Kevin"
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On uniqueness of time-consistent Markov policies for quasi-hyperbolic consumers under uncertainty
Balbus, Łukasz; Reffett, Kevin; Woźny, Łukasz (2016-11)We give a set of sufficient conditions for uniqueness of a time-consistent Markov stationary consumption policy for a quasi-hyperbolic household under uncertainty. To the best of our knowledge, this uniqueness result is ... -
Markov distributional equilibrium dynamics in games with complementarities and no aggregate risk
Balbus, Łukasz; Dziewulski, Paweł; Reffett, Kevin; Woźny, Łukasz (2020-07)We present a new approach for studying equilibrium dynamics in a class of stochastic games with a continuum of players with private types and strategic complementarities. We introduce a suitable equilibrium concept, called ... -
Time consistent equilibria in dynamic models with recursive payoffs and behavioral discounting
Balbus, Łukasz; Reffett, Kevin; Woźny, Łukasz (2020-11)We prove existence of time consistent equilibria in a wide class of dynamic models with recursive payoffs and generalized discounting involving both behavioral and normative applica-tions. Our generalized Bellman equation ... -
Iterative Monotone Comparative Statics
Balbus, Łukasz; Olszewski, Wojciech; Reffett, Kevin; Woźny, Łukasz (2022-02)For an increasing upper order hemi-continuous correspondence F selfmapping sigma-complete lattice A, we first provide tight fixed-point bounds for sufficiently large iterations on F starting from any initial point a in A. ... -
Local versions of Tarski’s theorem for correspondences
Balbus, Łukasz; Olszewski, Wojciech; Reffett, Kevin; Woźny, Łukasz (2023-03)For a strong set order increasing (resp., strongly monotone) upper order hemicontinuous correspondence mapping a complete lattice A into itself (resp., a sigma-complete lattice into itself), we provide conditions for tight ...