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Tom's Oct 21 edits of Arrow GE lecture
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lectures/ge_arrow.md

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Starting the system with $a_0^k =0$ forall $i$ has a striking implication that we can call **state variable degeneracy**.
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Starting the system with $a_0^k =0$ for all $i$ has a striking implication that we can call **state variable degeneracy**.
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Here is what we mean by **state variable degeneracy**:
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### Matrix $Q$ to Represent Pricing Kernel
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### $Q$ is the Pricing Kernel
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For any agent $k \in \left[1, \ldots, K\right]$, at the equilibrium allocation,

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