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

Aditya Goenka, Cuong Le Van () and Manh Hung Nguyen
Additional contact information
Cuong Le Van: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, University of Exeter Business School - University of Exeter, Hanoi WRU - Department of Economics, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, VCREME - Van Xuan Center of Research in Economics, Management and Environment

PSE-Ecole d'économie de Paris (Postprint) 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
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00639739v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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

Downloads: (external link)
https://shs.hal.science/halshs-00639739v1/document (application/pdf)

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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-00639739

DOI: 10.1017/S1365100511000587

Access Statistics for this paper

More papers in PSE-Ecole d'économie de Paris (Postprint) from HAL
Bibliographic data for series maintained by Caroline Bauer ().