The Competitive Equilibrium Turnpike II

Lionel McKenzie

RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: This paper is an extension of my paper The Competitive Equilibrium Turnpike. The earlier paper asserts that the combination of the turnpike theorem for optimal growth paths and the existence theorem for competitive equilibria provides a competitive equilibrium turnpike theorem when the discount factor is close enough to 1. However, the proof of this result is not given.

Keywords: ECONOMIC; EQUILIBRIUM (search for similar items in EconPapers)
JEL-codes: D5 (search for similar items in EconPapers)
Pages: 11 pages
Date: 1995
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Working Paper: The Competitive Equilibrium Turnpike (1994)
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