Existence of a competitive equilibrium in a one sector growth model with heterogeneous agents and irreversible investment (Q1416748)

This paper uses the Negishi method, which exploits the link between Pareto-optimal allocations and competitive equilibria, to derive properties of the transitional dynamics of an economy as described in the title. The advantage of the method is that it reduces an infinite dimensional fixed point problem (the variables being the whole time sequence of prices and quantities) to a finite-dimensional problem (whose variables are the individual weights of the social value function).