A Note on Equilibrium with Capital Goods, Storage and Production

Galeazzo Impicciatore and Luca Panaccione

No 99, Working Papers in Public Economics from Department of Economics and Law, Sapienza University of Roma

Abstract: In this paper, we study a two-period economy with production, capital goods and storage. For this economy, we propose a suitable equilibrium concept, and we prove existence of equilibrium. We also show that equality of rates of return for stored capital goods endogenously emerges as a consequence of consumers’ optimizing behavior.

Keywords: Capital goods; storage; existence; equality of rates of return. (search for similar items in EconPapers)
JEL-codes: C62 D24 (search for similar items in EconPapers)
Pages: 16
Date: 2007-06
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