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

DOI10.1016/0304-4068(91)90012-IMaRDI QIDQ2641207zbMATH OpenOpenAlexFDO

Authors Jan H. van Geldrop, Shou Jilin, Cees Withagen

Publication date 1991

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

Full work available at URL https://doi.org/10.1016/0304-4068(91)90012-i

zbMATH Keywords

exhaustible resourcesexistence of general equilibriuminfinite horizon economieslimit of the truncated equilibria

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Review text

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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Cites work

• Competitive Equilibria in Production Economies with an Infinite-Dimensional Commodity Space
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Cited in

(10)

• Cake eating, exhaustible resource extraction, life-cycle saving, and non-atomic games: existence theorems for a class of optimal allocation problems
• General equilibrium and resource economics
• Quasi-equilibrium in economies with infinite dimensional commodity spaces: A truncation approach
• Existence of equilibria in exhaustible resource markets with economies of scale and inventories
• Infinite Horizon Rational Expectations Equilibrium in a Competitive Market for an Exhaustible Resource
• scientific article; zbMATH DE number 13842 (Why is no real title available?)
• The Existence of Competitive Equilibrium over an Infinite Horizon with Production and General Consumption Sets
• General equilibrium in an economy with exhaustible resources and an unbounded horizon
• General equilibrium in an economy with exhaustible resources and an unbounded horizon
• Fifty years of mathematical growth theory: classical topics and new trends

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