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

DOI10.1016/J.JMATECO.2006.06.003MaRDI QIDQ2466879zbMATH OpenOpenAlexWikidataFDO

Authors Cuong Le Van, Manh-Hung Nguyen, Yiannis Vailakis

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

elastic labor supplyheterogeneous agentssingle-sector growth modelsupermodularity

Mathematics Subject Classification ID

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

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Cites work

• A characterization of Ramsey equilibrium
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• An integration of equilibrium theory and turnpike theory
• Equilibrium Turnpike Theory with Constant Returns to Scale and Possibly Heterogeneous Discount Factors
• Existence of a competitive equilibrium in a one sector growth model with heterogeneous agents and irreversible investment
• Finite dimensional convexity and optimization
• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• Markovian equilibrium in infinite horizon economies with incomplete markets and public policy
• Microeconomic theory
• On Optimal Economic Growth with Variable Discount Rates: Existence and Stability Results
• On the structure of Ramsey equilibrium: Cycles, indeterminacy, and sunspots
• Optimal growth models with bounded or unbounded returns: A unifying approach
• Optimization and chaos.
• SIMPLE PROOF OF EXISTENCE OF EQUILIBRIUM IN A ONE-SECTOR GROWTH MODEL WITH BOUNDED OR UNBOUNDED RETURNS FROM BELOW
• The discrete time version of the Romer model
• The local bifurcation of Ramsey equilibrium

Cited in

(9)

• 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
• Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure
• The Structure of Economies with Aggregate Measures of Capital: A Complete Characterization
• Out-of-equilibrium dynamics with heterogeneous capital goods
• Fifty years of mathematical growth theory: classical topics and new trends
• Ramsey equilibrium with liberal borrowing
• On the Ramsey equilibrium with heterogeneous consumers and endogenous labor supply

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