Equilibrium dynamics in an aggregative model of capital accumulation with heterogeneous agents and elastic labor

DOI10.1016/j.jmateco.2006.06.003zbMath1155.91431OpenAlexW2098103190WikidataQ57937393 ScholiaQ57937393MaRDI QIDQ2466879

Yiannis Vailakis, Manh-Hung Nguyen, Cuong Le Van

Publication date: 16 January 2008

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://halshs.archives-ouvertes.fr/halshs-00101237/file/JMEfinal.PDF

zbMATH Keywords

supermodularityheterogeneous agentselastic labor supplysingle-sector growth model

Mathematics Subject Classification ID

Economic growth models (91B62) Dynamical systems in optimization and economics (37N40)

Related Items

EXISTENCE OF COMPETITIVE EQUILIBRIUM IN AN OPTIMAL GROWTH MODEL WITH HETEROGENEOUS AGENTS AND ENDOGENOUS LEISURE ⋮ Fifty years of mathematical growth theory: classical topics and new trends ⋮ Ramsey equilibrium with liberal borrowing ⋮ General existence of competitive equilibrium in the growth model with an endogenous labor-leisure choice ⋮ On existence and bubbles of Ramsey equilibrium with borrowing constraints ⋮ A characterization of Ramsey equilibrium in a model with limited borrowing ⋮ On the Ramsey equilibrium with heterogeneous consumers and endogenous labor supply

Cites Work

• Unnamed Item
• Unnamed Item
• Optimal growth models with bounded or unbounded returns: A unifying approach
• A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
• An integration of equilibrium theory and turnpike theory
• A characterization of Ramsey equilibrium
• The local bifurcation of Ramsey equilibrium
• On the structure of Ramsey equilibrium: Cycles, indeterminacy, and sunspots
• Existence of a competitive equilibrium in a one sector growth model with heterogeneous agents and irreversible investment
• Optimization and chaos.
• The discrete time version of the Romer model
• Markovian equilibrium in infinite horizon economies with incomplete markets and public policy
• Equilibrium Turnpike Theory with Constant Returns to Scale and Possibly Heterogeneous Discount Factors
• On Optimal Economic Growth with Variable Discount Rates: Existence and Stability Results
• SIMPLE PROOF OF EXISTENCE OF EQUILIBRIUM IN A ONE-SECTOR GROWTH MODEL WITH BOUNDED OR UNBOUNDED RETURNS FROM BELOW
• Finite dimensional convexity and optimization