The Lagrange multipliers and existence of competitive equilibrium in an intertemporal model with endogenous leisure

Manh Hung Nguyen and San Nguyen Van

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

Abstract: This paper proves the existence of competitive equilibrium in a single sector dynamic economy with elastic labor supply. The method of proof relies on some recent results (see Le Van and Saglam [2004]) concerning the existence of Lagrange multipliers in infinite dimensional spaces and their representation as a summable sequence

Keywords: Optimal growth model; Lagrange multipliers; competitive equilibrium; elastic labor supply (search for similar items in EconPapers)
JEL-codes: C61 C62 D51 E13 O41 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2005-01
New Economics Papers: this item is included in nep-dge and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: The Lagrange multipliers and existence of competitive equilibrium in an intertemporal model with endogenous leisure (2005)
Working Paper: The Lagrange multipliers and existence of competitive equilibrium in an intertemporal model with endogenous leisure (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:b05041

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