The Lagrange multipliers and existence of competitive equilibrium in an intertemporal model with endogenous leisure

This paper proves the existence of competitive equilibrium in a single sector dynamic economy with elastic labor supply. The method of proof relies on some recent results (see Le Van and Saglam [2004]) concerning the existence of Lagrange multipliers in infinite dimensional spaces and their representation as a summable sequence.

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Year of publication:	2005-01
Authors:	Nguyen, Manh-Hung ; Van, San Nguyen
Institutions:	HAL
Subject:	Optimal growth model \| Lagrange multipliers \| competitive equilibrium \| elastic labor supply

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00194723
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010750379