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

Manh-Hung Nguyen () and San Nguyen Van
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Manh-Hung Nguyen: CERMSEM - CEntre de Recherche en Mathématiques, Statistique et Économie Mathématique - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique
Authors registered in the RePEc Author Service: Manh Hung Nguyen

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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: elastic labor supply; competitive equilibrium; Lagrange multipliers; optimal growth model; Modèle de croissance optimale; multiplicateurs de Lagrange; équilibre concurrentiel; offre de travail élastique (search for similar items in EconPapers)
Date: 2005-01
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00194723
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Citations: View citations in EconPapers (2)

Published in 2005

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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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