Existence of general equilibria in economies with natural exhaustible resources and an infinite horizon (Q2641207)

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scientific article; zbMATH DE number 4189437
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    Existence of general equilibria in economies with natural exhaustible resources and an infinite horizon
    scientific article; zbMATH DE number 4189437

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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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