EXISTENCE OF COMPETITIVE EQUILIBRIUM IN AN OPTIMAL GROWTH MODEL WITH HETEROGENEOUS AGENTS AND ENDOGENOUS LEISURE

Aditya Goenka; Cuong Le Van; Manh-Hung Nguyen

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EXISTENCE OF COMPETITIVE EQUILIBRIUM IN AN OPTIMAL GROWTH MODEL WITH HETEROGENEOUS AGENTS AND ENDOGENOUS LEISURE

机译：具有异质性和内生性休闲的最优增长模型中竞争均衡的存在

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This paper proves the existence of competitive equilibrium in a single-sector dynamic economy with heterogeneous agents, elastic labor supply, and complete asset markets. The method of proof relies on some recent results concerning the existence of Lagrange multipliers in infinite-dimensional spaces and their representation as a summable sequence and a direct application of the inward-boundary fixed point theorem.

机译：本文证明了具有异构主体，弹性劳动力供给和完整资产市场的单部门动态经济中竞争均衡的存在。证明方法依赖于有关无穷维空间中拉格朗日乘子的存在及其作为可加序列的表示以及对内不动点定理的直接应用的一些最新结果。

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来源
《Macroeconomic dynamics》 |2012年第1期|p.33-51|共19页
作者
Aditya Goenka; Cuong Le Van; Manh-Hung Nguyen;
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作者单位

National University of Singapore;

CNRS VCREME and Hanoi Water Resources University;

Toulouse School of Economics, 21 allee de Brienne, 31000 Toulouse. France;

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原文格式 PDF
正文语种 eng
中图分类
关键词
optimal growth model. lagrange multipliers; competitive equilibrium; elastic labor supply;

机译：最佳增长模型。拉格朗日乘数;竞争均衡弹性劳动力供给;

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2. A Discrete Heterogeneous-Group Economic Growth Model with Endogenous Leisure Time [J] . Wei-BinZhang Discrete dynamics in nature and society . 2009,第3期

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3. Optimal Growth And Competitive Equilibrium Business Cycles Under Decreasing Returns In Two-country Models [J] . Kazuo Nishimura, Alain Venditti, Makoto Yano Review of international economics . 2009,第2期

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4. APPLICATIONS OF CONTINUOUS-TIME STOCHASTIC METHODS TO GENERAL EQUILIBRIUM ENDOGENOUS GROWTH MODELS [C] . IFAC symposium on modelling and control of national and regional economies . 1996

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7. Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure [O] . Goenka Aditya, Le Van Cuong, Nguyen Manh-Hung 2011

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EXISTENCE OF COMPETITIVE EQUILIBRIUM IN AN OPTIMAL GROWTH MODEL WITH HETEROGENEOUS AGENTS AND ENDOGENOUS LEISURE

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