Goenka, Aditya; Van, Cuong Le; Nguyen, Manh-Hung - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2011
This paper proves the existence of competitive equilibrium in a single-sector dynamic economy with heterogeneous agents, elastic labor supply and complete assets markets. The method of proof relies on some recent results concerning the existence of Lagrande multipliers in infinite dimensional...