We show the existence of a general competitive equilibrium in an economy with exhaustible resources and an unbounded horizon. The model is a generalization of several equilibrium models already known in the literature. The method of proof uses a classical idea due to Negishi, extended to economies with an infinite-dimensional commodity space, brought about by the infinite horizon.
|Number of pages||25|
|Journal||Journal of Economic Dynamics and Control|
|Publication status||Published - Sep 1994|
- General equilibrium
- Infinite-dimensional commodity space
- Negishi approach