DEPOCEN Working Paper Series
Aditya Goenka, Cuong Le Van, Manh-Hung Nguyen, 2012. "Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous leisure"
This paper proves the existence of competitive equilibrium in a single-sector dynamic economy with heterogeneous agents and elastic labor sup- ply. The method of proof relies on some recent results concerning the existence of Lagrange multipliers in in nite dimensional spaces and their representation as a summable sequence and a direct application of the Brouwer xed point theorem.
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