Impicciatore, Galeazzo; Panaccione, Luca; Ruscitti, … - Dipartimento di Economia e Diritto, Facoltà di Economia - 2009
In this paper we analyze the intertemporal competitive equilibrium of a walrasian model of capital accumulation. We prove the existence of equilibria by generalizing a result of Todd (1979). We overcome the indeterminacy in savings allocation to multiple types of capital goods by introducing a...