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

Cuong Le van and Manh Hung Nguyen

No 27, Working Papers from Development and Policies Research Center (DEPOCEN), Vietnam

Abstract: This paper proves the existence of competitive equilibrium in a single sector dynamic economy with heterogeneous agents and elastic labor supply. The method of proof relies on some recent results concerning the existence of Lagrange multipliers in inï¬ nite dimensional spaces and their representation as a summable sequence and a direct application of the Brouwer ï¬ xed point theorem.

Keywords: Optimal growth model; Lagrange multipliers; Competitive equilibrium; Elastic labor supply (search for similar items in EconPapers)
JEL-codes: C61 D51 E13 O41 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2008-06
New Economics Papers: this item is included in nep-dge
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http://depocenwp.org/modules/download/index.php?id=45 (application/pdf)

Related works:
Journal Article: EXISTENCE OF COMPETITIVE EQUILIBRIUM IN AN OPTIMAL GROWTH MODEL WITH HETEROGENEOUS AGENTS AND ENDOGENOUS LEISURE (2012) Downloads
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2012) Downloads
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2011) Downloads
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2011) Downloads
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2011) Downloads
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2011) Downloads
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2011) Downloads
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2011) Downloads
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2010) Downloads
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2010) Downloads
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2008) Downloads
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