IDEAS home Printed from https://ideas.repec.org/p/sap/wpaper/wp99.html
   My bibliography  Save this paper

A Note on Equilibrium with Capital Goods, Storage and Production

Author

Listed:
  • Galeazzo Impicciatore
  • Luca Panaccione

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.

Suggested Citation

  • Galeazzo Impicciatore & Luca Panaccione, 2007. "A Note on Equilibrium with Capital Goods, Storage and Production," Working Papers in Public Economics 99, University of Rome La Sapienza, Department of Economics and Law.
    • Handle: RePEc:sap:wpaper:wp99
    as

    Download full text from publisher

    File URL: https://web.uniroma1.it/dip_ecodir/sites/default/files/wpapers/wp99.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Todd, Michael J., 1979. "A note on computing equilibria in economies with activity analysis models of production," Journal of Mathematical Economics, Elsevier, vol. 6(2), pages 135-144, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Galeazzo Impicciatore & Luca Panaccione & Francesco Ruscitti, 2009. "Intertemporal Equilibrium and Walras' Theory of Capital: a Projection Based Approach," Working Papers in Public Economics 121, University of Rome La Sapienza, Department of Economics and Law.
    2. Galeazzo Impicciatore & Luca Panaccione & Francesco Ruscitti, 2012. "Walras’ theory of capital formation: an intertemporal equilibrium reformulation," Journal of Economics, Springer, vol. 106(2), pages 99-118, June.

    More about this item

    Keywords

    Capital goods; storage; existence; equality of rates of return.;
    All these keywords.

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sap:wpaper:wp99. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Luisa Giuriato (email available below). General contact details of provider: https://edirc.repec.org/data/dprosit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.