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depocen@depocen.org
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024 39351419
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024 39351418
Cuong Le Van
On the existence, efficiency and bubbles of a Ramsey equilibrium with endogenous labor supply and borrowing...
Xuất bản: 27 July, 2022
In this paper, we study the existence of an intertemporal equilibrium in a Ramsey model with heterogenous discounting, elastic labor supply and borrowing constraints. Applying a fixed-point argument by Gale and Mas-Colell (1975), we prove the existence...
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View abstractOn the Existence of a Ramsey Equilibrium with Endogenous Labor Supply and Borrowing Constraints
Xuất bản: 27 July, 2022
In this paper, we study the existence of an intertemporal equilibrium in a Ramsey model with heterogenous discounting, elastic labor supply and borrowing constraints. Applying a fixed-point argument by Gale and Mas-Colell (1975), we prove the existence...
Existence of competitive equilibrium in an optimal growth model with heterogeneous agents and endogenous...
Xuất bản: 27 July, 2022
This paper proves the existence of competitive equilibrium in a single-sector dynamic economy with heterogeneous agents and elastic labor supply. The method of proof relies on some recent results concerning the existence of Lagrange multipliers in infinite...
Equilibrium on International Financial Assets and Goods Markets
Xuất bản: 27 July, 2022
The international asset pricing models are mostly developed in the situation where purchasing power parity (PPP) is not respected. Investors of di erent countries do not agree on expected security real returns. In this case, an equilibrium on the international...
Existence, Optimality and Dynamics of Equilibria with Endogenous Time Preference
Xuất bản: 27 July, 2022
To account for the development patterns that differ considerably among economies in the long run, a variety of one-sector models that incorporate some degree of market imperfections based on technological external effects and increasing returns have been...
Optimal timing of regime switching in optimal growth models A Sobolev space approach
Xuất bản: 27 July, 2022
This paper analyses the optimal timing of switching between alternative and consecutive regimes in optimal growth model. We derive the appropariate necessary conditions for such problems by means of the standard techniques from calculus of variations...