 |
 |
 |
|
|
|
| HAL : halshs-00101237, version 1 |
| DOI : 10.1016/j.jmateco.2006.06.003 |
| Fiche détaillée |  Récupérer au format |
 |
| Journal of Mathematical Economics 43, 3-4 (2007) 287-317 |
|
|
|
|
| Equilibrium dynamics in an aggregative model of capital accumulation with heterogeneous agents and elastic labor |
|
|
| Cuong Le Van 1Manh-Hung Nguyen 1 |
|
|
| (04/2007) |
|
|
|
| The paper extends the canonical representative agent Ramsey model to include heterogeneous agents and elastic labor supply. The welfare maximization problem is analyzed and shown to be equivalent to a non-stationary reduced form model. An iterative procedure is exploited to prove the supermodularity of the indirect utility function. Supermodularity is subsequently used to establish the convergence of optimal paths. |
|
|
|
|
|
|
|
|
|
|
|
| 1 : | Centre d'économie de la Sorbonne (CES) |
|
|
|
CNRS : UMR8174 – Université Paris I - Panthéon-Sorbonne |
|
|
|
|
|
|
|
|
|
| Axe Economie mathématique et jeux |
|
|
|
|
| Discipline | : | Sciences de l'Homme et Société/Economie et finances Mathématiques/Analyse classique Mathématiques/Optimisation et contrôle |
|
|
| Single-sector growth model – heterogeneous agents – elastic labor supply – supermodularity |
|
|
|
| Liste des fichiers attachés à ce document : | |||||
|
|||||
|
|
|
| halshs-00101237, version 1 | |
| http://halshs.archives-ouvertes.fr/halshs-00101237 | |
| oai:halshs.archives-ouvertes.fr:halshs-00101237 | |
| Contributeur : Cuong Le Van | |
| Soumis le : Mardi 26 Septembre 2006, 16:38:18 | |
| Dernière modification le : Mercredi 21 Novembre 2012, 14:00:50 | |
