Existence of a competitive equilibrium in a one sector growth model with heterogeneous agents and irreversible investment - HAL Accéder directement au contenu
Article dans une revue Economic Theory Année : 2003

Existence of a competitive equilibrium in a one sector growth model with heterogeneous agents and irreversible investment

Résumé

Wr prove existence of a competitive equilibrium in a version of a Ramsey (one sector) model in which agents are heterogeneous and gross investment is constrained to be non negative. We do so by converting the infinite-dimensional fixed point problem tated in terms of prices and commodities into a finite-dimensional Negishi problem involving individual weights in a social value function. This method allows us to obtain detailed results concerning the properties of competitive eqilibria. Because of the simplicity of techniques utilized our approach is amenable to be adapted by practioners in analogous problems often studied in macroeconomics
Loading...

Dates et versions

halshs-00119095, version 1 (08-12-2006)

Identifiants

Citer

Cuong Le Van, Yiannis Vailakis. Existence of a competitive equilibrium in a one sector growth model with heterogeneous agents and irreversible investment. Economic Theory, 2003, 22 (4), pp.743-771. ⟨10.1007/s00199-002-0355-y⟩. ⟨halshs-00119095⟩
85 Consultations
0 Téléchargements
Dernière date de mise à jour le 13/04/2024
comment ces indicateurs sont-ils produits

Altmetric

Partager

Gmail Facebook Twitter LinkedIn Plus