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|Title:||Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure||Authors:||Goenka, A.
Le Van, C.
Elastic Labor Supply
Optimal Growth Model
|Issue Date:||Apr-2012||Citation:||Goenka, A., Le Van, C., Nguyen, M.-H. (2012-04). Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure. Macroeconomic Dynamics 16 (SUPPL. 1) : 33-51. ScholarBank@NUS Repository. https://doi.org/10.1017/S1365100511000587||Abstract:||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. © 2012 Cambridge University Press.||Source Title:||Macroeconomic Dynamics||URI:||http://scholarbank.nus.edu.sg/handle/10635/124330||ISSN:||13651005||DOI:||10.1017/S1365100511000587|
|Appears in Collections:||Staff Publications|
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