A constructive geometrical approach to the uniqueness of Markov stationary equilibrium in stochastic games of intergenerational altruism

Rules Rather than Discretion: The Inconsistency of Optimal Plans

Finn E. Kydland, Edward C. Prescott · Journal of Political Economy · 1977 · 7.9K citations

Social Sciences, Economics, Public Policy +15

Markov-Perfect Industry Dynamics: A Framework for Empirical Work

Richard E. Ericson, Ariel Pakes · The Review of Economic Studies · 1995 · 2.4K citations

Social Sciences, Business Economics, Economics +13

On Second-Best National Saving and Game-Equilibrium Growth

Edmund S. Phelps, Robert A. Pollak · The Review of Economic Studies · 1968 · 1.5K citations

Social Sciences, Economics, Macroeconomics +11

Toward a Theory of Discounted Repeated Games with Imperfect Monitoring

Dilip Abreu, David Pearce, Ennio Stacchetti · Econometrica · 1990 · 1.3K citations

Social Sciences, Economics, Behavioral Economics +16

Intergenerational Transfers and the Distribution of Earnings

Glenn C. Loury · Econometrica · 1981 · 1.1K citations

Social Sciences, Economics, Labor Economics +8