Corrigendum to “An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity” [Journal of Economic Theory 182 (2019) 1–24] (Journal of Economic Theory (2019) 182 (1–24), (S0022053119300353), (10.1016/j.jet.2019.04.001))

John Stachurski, Alexis Akira Toda*

*Corresponding author for this work

    Research output: Contribution to journalComment/debatepeer-review

    4 Citations (Scopus)

    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.

    Original languageEnglish
    Article number105066
    JournalJournal of Economic Theory
    Volume188
    DOIs
    Publication statusPublished - Jul 2020

    Fingerprint

    Dive into the research topics of 'Corrigendum to “An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity” [Journal of Economic Theory 182 (2019) 1–24] (Journal of Economic Theory (2019) 182 (1–24), (S0022053119300353), (10.1016/j.jet.2019.04.001))'. Together they form a unique fingerprint.

    Cite this