RDP 2013-08: International Business Cycles with Complete Markets
Equation (B9)
n
j
(
s
t
)
=
∑
s
t
+
1
∈
S
β
t
+
1
π
(
s
t
,
s
t
+
1
)
ω
j
u
2
(
c
j
(
s
t
,
s
t
+
1
)
,
h
j
(
s
t
)
,
n
j
(
s
t
,
s
t
+
1
)
)
,
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@769D@