Kam, TimothyLee, Junsang2015-12-100304-4068http://hdl.handle.net/1885/38733The seminal work of Huggett (1993) showed that in a stationary recursive equilibrium, there exists a unique stationary distribution of agent types. However, the question remains open as to whether an equilibrium's individual state space might turn out to201410.1016/j.jmateco.2013.09.0092015-12-09