Corrigendum to "Endogenous market incompleteness without market frictions: Dynamic suboptimality of competitive equilibrium in multiperiod overlapping generations economies"

2019-04-04T16:37:22Z (GMT) by Stephen Spear Espen Henriksen
This note corrects an error in the original Henrisksen-Spear paper (published in J. Econ. Theory, Volume 147, Issue 2, March 2012, Pages 426-449) in the proof that the competitive equilibrium in a three-period lived stochastic overlapping generations model is not dynamically Pareto optimal.