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Corrigendum to "An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity" [Journal of Economic Theory 182 (2019) 1–24]

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Date

2020

Authors

Stachurski, John
Toda, Alexis Akira

Journal Title

Journal ISSN

Volume Title

Publisher

Academic Press

Abstract

This note corrects the proof of Proposition 5 in Stachurski and Toda (2019), which shows that the consumption function has an explicit linear lower bound and is used to prove their main result that wealth inherits the tail behavior of income in Bewley–Huggett–Aiyagari models.

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Citation

URI

http://hdl.handle.net/1885/311296

Collections

ANU Research Publications

Source

Journal of Economic Theory

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

DOI

10.1016/j.jet.2020.105066

Restricted until

2099-12-31

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Corrigendum.pdf (171.01 KB)

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