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Abstract

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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File URL: ftp://mse.univ-paris1.fr/pub/mse/cahiers2004/B04123.pdf
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Bibliographic Info

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 2004
Date of revision:
Handle: RePEc:mse:wpsorb:b04123

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Related research

Keywords: Single-Sector growth model; competitive equilibrium; elastic labour supply.;

Find related papers by JEL classification:

• C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - 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

This paper has been announced in the following NEP Reports:

• NEP-ALL-2005-04-16 (All new papers)
• NEP-MAC-2005-04-16 (Macroeconomics)

References

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Citations

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Cited by:

1. 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," LERNA Working Papers 09.21.297, LERNA, University of Toulouse.
   
   • 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," TSE Working Papers 09-064, Toulouse School of Economics (TSE).
2. LE VAN Cuong & NGUYEN Manh-Hung, 2008. "Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure," LERNA Working Papers 08.24.268, LERNA, University of Toulouse.
   
   • Goenka, Aditya & Le Van, Cuong & Nguyen, Manh-Hung, 2012. "Existence Of Competitive Equilibrium In An Optimal Growth Model With Heterogeneous Agents And Endogenous Leisure," Macroeconomic Dynamics, Cambridge University Press, vol. 16(S1), pages 33-51, April.
   • Goenka, Aditya & Le Van, Cuong & Nguyen, Manh-Hung, 2010. "Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure," TSE Working Papers 10-211, Toulouse School of Economics (TSE).
   • Cuong Le Van & Manh-Hung Nguyen, 2008. "Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure," Working Papers 27, Development and Policies Research Center (DEPOCEN), Vietnam.
   • Aditya Goenka & Cuong Le Van & Manh-Hung Nguyen, 2011. "Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00593945, HAL.
   • Goenka, Aditya & Le Van, Cuong & Nguyen, Manh-Hung, 2010. "Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure," LERNA Working Papers 10-24-330, LERNA, University of Toulouse.
   • Aditya Goenka & Cuong Le Van & Manh-Hung Nguyen, 2011. "Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure," Working Papers 21, Development and Policies Research Center (DEPOCEN), Vietnam.
   • Aditya Goenka & Cuong Le Van & Manh-Hung Nguyen, 2011. "Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00639739, HAL.
3. Aditya Goenka & Cuong Le Van & Manh-Hung Nguyen, 2011. "A study of the dynamic of influence through differential equations," Documents de travail du Centre d'Economie de la Sorbonne 11023, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.

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