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Article Dans Une Revue Macroeconomic Dynamics Année : 2011

Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure

Résumé

This paper proves the existence of competitive equilibrium in a single-sector dynamic economy with heterogeneous agents, elastic labor supply and complete assets markets. The method of proof relies on some recent results concerning the existence of Lagrange multipliers in in nite dimensional spaces and their representation as a summable sequence and a direct application of the inward boundary fixed point theorem.
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Dates et versions

halshs-00639739 , version 1 (09-11-2011)

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Aditya Goenka, Cuong Le Van, Manh-Hung Nguyen. Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure. Macroeconomic Dynamics, 2011, 16 (supl1), pp.33-51. ⟨10.1017/S1365100511000587⟩. ⟨halshs-00639739⟩
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