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On existence and bubbles of Ramsey equilibrium with borrowing constraints
Becker, Robert Allen; Bosi, Stefano; Le Van, Cuong; … - In: Economic theory : official journal of the Society for … 58 (2015) 2, pp. 329-353
Persistent link: https://www.econbiz.de/10011376144
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On existence, efficiency and bubbles of Ramsey equilibrium with borrowing constraints
Becker, Robert Allen; Bosi, Stefano; Le Van, Cuong; … - 2012
Persistent link: https://www.econbiz.de/10009563777
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On existence, efficiency and bubbles of Ramsey equilibrium with borrowing constraints
Becker, Robert; Bosi, Stefano; Le Van, Cuong; … - Institut de Préparation à l'Administration et à la … - 2013
We address the fundamental issues of existence and efficiency of an equilibrium in a Ramsey model with many agents, where agents have heterogenous discounting, elastic labor supply and face borrowing con- straints. The existence of rational bubbles is also tackled. In the first part, we prove...
Persistent link: https://www.econbiz.de/10010754729
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On Existence, Efficiency and Bubbles of Ramsey Equilibrium with Borrowing Constraints
Becker, Robert A. - 2012
We address the fundamental issues of existence and efficiency of an equilibrium in a Ramsey model with many agents, where agents have heterogeneous discounting, elastic labor supply and face borrowing constraints.The existence of rational bubbles is also tackled. In the first part, we prove the...
Persistent link: https://www.econbiz.de/10013110899
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On existence and bubbles of Ramsey equilibrium with borrowing constraints
Becker, Robert; Bosi, Stefano; Van, Cuong Le; … - HAL - 2014
Dans ce papier, nous étudions le problème d'existence d'équilibres et de bulles rationnelles dans un modèle de Ramsey … une économie avec un nombre fini de périodes en utilisant le théorème de point fixe de Kakutani. Ensuite, nous faisons … tendre le nombre de périodes vers l'infini pour obtenir un équilibre pour un nombre infini de périodes. Dans la deuxième …
Persistent link: https://www.econbiz.de/10010795548
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On existence, effciency and bubbles of Ramsey equilibrium with borrowing constraints
Becker, Robert; Bosi, Stefano; Van, Cuong Le; … - Development and Policies Research Center (Depocen) - 2013
We address the fundamental issues of existence and efficiency of an equilibrium in a Ramsey model with many agents, where agents have heterogenous discounting, elastic labor supply and face borrowing constraints. The existence of rational bubbles is also tackled. In the first part, we prove the...
Persistent link: https://www.econbiz.de/10010701930
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On Existence and Bubbles of Ramsey Equilibrium with Borrowing Constraints
Becker, Robert; Bosi, Stefano; Van, Cuong Le; … - HAL - 2013
We study the existence of equilibrium and rational bubbles in a Ramsey model with heterogeneous agents, borrowing constraints and endogenous labor. Applying a nonstandard fixed-point theorem by Gale and Mas-Colell's (1975), we prove the existence of equilibrium in a time-truncated bounded...
Persistent link: https://www.econbiz.de/10010721444
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On existence and bubbles of Ramsey equilibrium with borrowing constraints.
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-truncated bounded economy. A common argument shows this...
Persistent link: https://www.econbiz.de/10011184310
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On existence and bubbles of Ramsey equilibrium with borrowing constraints
Becker, Robert; Bosi, Stefano; Van, Cuong Le; … - HAL - 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-truncated bounded economy. A common argument shows this...
Persistent link: https://www.econbiz.de/10011025791
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On existence, efficiency and bubbles of Ramsey equilibrium with borrowing constraints
Becker, Robert; Bosi, Stefano; Van, Cuong Le; … - Center for Applied Economics and Policy Research … - 2012
We address the fundamental issues of existence and efficiency of a Ramsey equilibrium with heterogenous discounting, elastic labor supply and borrowing constraints. In the first part, we prove the equilibrium existence in a truncated bounded economy through a fixed-point argument by Gale and...
Persistent link: https://www.econbiz.de/10010567975