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

Aditya Goenka, Cuong Le van and Manh Hung Nguyen

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

Abstract: 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.

Keywords: Elastic labor supply; Optimal growth model; Lagrange multipliers; Competitive equilib- rium; Individually Rational Pareto Optimum; Elastic labor supply. (search for similar items in EconPapers)
Date: 2011-11
New Economics Papers: this item is included in nep-dge and nep-sea
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00639739v1
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Citations: View citations in EconPapers (4)

Published in Macroeconomic Dynamics, 2011, 16 (supl1), pp.33-51. ⟨10.1017/S1365100511000587⟩

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Related works:
Journal Article: EXISTENCE OF COMPETITIVE EQUILIBRIUM IN AN OPTIMAL GROWTH MODEL WITH HETEROGENEOUS AGENTS AND ENDOGENOUS LEISURE (2012)
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2012)
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2011)
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2011)
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2011)
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2011)
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2011)
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2010)
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2010)
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2008)
Working Paper: Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00639739

DOI: 10.1017/S1365100511000587

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