General equilibrium in an economy with exhaustible resources and an unbounded horizon (Q5906564)
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scientific article; zbMATH DE number 617319
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | General equilibrium in an economy with exhaustible resources and an unbounded horizon |
scientific article; zbMATH DE number 617319 |
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General equilibrium in an economy with exhaustible resources and an unbounded horizon (English)
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10 August 1994
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The authors consider a growth model of a competitive economy with an arbitrary, finite number of consumers, producers and resources and with an infinite horizon of growth. They show the existence of general equilibrium in such an economy. The method of proof is based on the Negishi approach extended to economies with an infinite dimensional commodity spaces.
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growth model
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competitive economy
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infinite horizon
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Negishi approach
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infinite dimensional commodity spaces
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