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

Jan H. van Geldrop, Cees A A M Withagen

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

Fingerprint

Competitive Equilibrium
General Equilibrium
Equilibrium Model
Infinite Horizon
Horizon
Resources
Model
Generalization
Exhaustible resources
General equilibrium
Competitive equilibrium
Infinite dimensional commodity space
Infinite horizon

Keywords

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

Cite this

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General equilibrium in an economy with exhaustible resources and an unbounded horizon. / van Geldrop, Jan H.; Withagen, Cees A A M.

In: Journal of Economic Dynamics and Control, Vol. 18, No. 5, 09.1994, p. 1011-1035.

Research output: Contribution to JournalArticleAcademicpeer-review

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