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Existence of competitive equilibrium in a single-sector growth model with elastic labour Author info | Abstract | Publisher info | Download info | Related research | Statistics Cuong Le Van () (CERMSEM )
Yiannis Vailakis () (CERMSEM )
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We prove existence of competitive equilibrium in a version of a Ramsey model in which leisure enters the utility function. The analysis is carried out by means of a direct and technically simple approach that allows us to obtain detailed results concerning the behaviour of equilibrium allocations and prices.
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Paper provided by Université Panthéon-Sorbonne (Paris 1) in its series Cahiers de la Maison des Sciences Economiques with number
b04123.
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Length: 33 pages
Date of creation: Dec 2004Date of revision:
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Keywords: Single-Sector growth model ; competitive equilibrium ; elastic labour supply. ; Find related papers by JEL classification: C62 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Existence and Stability Conditions of Equilibrium D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
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GOENKA Aditya & NGUYEN Manh-Hung, 2009.
"Existence of competitive equilibrium in an optimal growth model with elastic labor supply and smoothness of the policy function ,"
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09.21.297, LERNA, University of Toulouse.
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