Existence of a competitive equilibrium in the Lucas (1988) model without physical capital

Hippolyte d'Albis and Cuong Le van

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: This paper considers an endogenous growth model with human capital accumulation. It gives sufficient conditions and a necessary condition for the existence of a unique competitive equilibrium with externalities. These conditions are more stringent than those which prevail for the existence of an equilibrium defined as the solution to a fixed-point problem.

Keywords: Competitive equilibrium with externalities; equilibrium; endogenous growth; human capital (search for similar items in EconPapers)
Date: 2006-02
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Citations: View citations in EconPapers (10)

Published in Journal of Mathematical Economics, 2006, 42 (1), pp.46-55. ⟨10.1016/j.jmateco.2005.04.001⟩

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Related works:
Journal Article: Existence of a competitive equilibrium in the Lucas (1988) model without physical capital (2006)
Working Paper: Existence of a competitive equilibrium in the Lucas (1988) model without physical capital (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00101208

DOI: 10.1016/j.jmateco.2005.04.001

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