The paper proves a verification theorem for time-homogeneous equilibrium dividend laws under ambiguity aggregation of heterogeneous discount rates and shows non-existence of barrier equilibria for power/log aggregations but existence and uniqueness for linear/exponential ones.
arXiv preprint arXiv:2507.04836 , year=
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Equilibrium singular dividend control under ambiguity aggregation of heterogeneous discount rates
The paper proves a verification theorem for time-homogeneous equilibrium dividend laws under ambiguity aggregation of heterogeneous discount rates and shows non-existence of barrier equilibria for power/log aggregations but existence and uniqueness for linear/exponential ones.