Existence of a competitive equilibrium in the Lucas (1988) model without physical capital
Hippolyte d'Albis and
Cuong Le Van ()
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Cuong Le Van: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique
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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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Published in Journal of Mathematical Economics, 2006, 42 (1), pp.46-55. ⟨10.1016/j.jmateco.2005.04.001⟩
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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:journl:halshs-00101208
DOI: 10.1016/j.jmateco.2005.04.001
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