Becker, Robert; Bosi, Stefano; Van, Cuong Le; … - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014
We study the existence of equilibrium and rational bubbles in a Ramsey model with heterogeneous agents, borrowing … constraints and endogenous labor. Applying a Kakutani's fixed-point theorem, we prove the existence of equilibrium in a time … fundamentals. Taking the limit of a sequence of truncated economies, we eventually obtain the existence of equilibrium in the …