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Consider an economy with a unique good and three periods, with the standard storage technology that yields a zero net interest and a long run
Consider an economy with a unique good and three periods, with the standard storage technology that yields a zero net interest and a long run technology that yields a random return of units at time t = 2 for each unit invested at time t = 0. The return can only take two values, either Ry or RL, with probabilities a and 1 - a respectively, where 1
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