Existence of general equilibria in economies with natural exhaustible resources and an infinite horizon (Q2641207): Difference between revisions
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Existence of general equilibria in economies with natural exhaustible resources and an infinite horizon |
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Existence of general equilibria in economies with natural exhaustible resources and an infinite horizon (English)
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1991
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The paper deals with the existence of general equilibrium in infinite horizon economies with exhaustible resources. The finite horizon version of the economy as a truncated form of the infinite horizon model is considered. It is shown that the limit of the truncated equilibria exists and satisfies the definition of a general equilibrium for the infinite horizon economy.
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existence of general equilibrium
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infinite horizon economies
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exhaustible resources
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limit of the truncated equilibria
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