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lectures/ak_aiyagari.md

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@@ -165,7 +165,7 @@ Summarizing activities in the asset market, all agents, regardless of age $j \in
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- All cohorts participate together in factor markets, with asset supplies from all cohorts determining aggregate capital and effective labor supplies from all cohorts determining aggregate labor.
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- Equilibrium prices reflect both lifecycle and redistributional forces.
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- Equilibrium prices reflect both lifecycle and redistributive forces.
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## Representative firm's problem
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