General equilibrium in an economy with exhaustible resources and an unbounded horizon

Jan H. van Geldrop*, Cees A A M Withagen

*Corresponding author for this work

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

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.

Original languageEnglish
Pages (from-to)1011-1035
Number of pages25
JournalJournal of Economic Dynamics and Control
Volume18
Issue number5
Publication statusPublished - Sep 1994

Keywords

  • General equilibrium
  • Infinite-dimensional commodity space
  • Negishi approach

Fingerprint

Dive into the research topics of 'General equilibrium in an economy with exhaustible resources and an unbounded horizon'. Together they form a unique fingerprint.

Cite this