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

Jan H. van Geldrop; Cees A A M Withagen

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 Journal › Article › Academic › peer-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 language	English
Pages (from-to)	1011-1035
Number of pages	25
Journal	Journal of Economic Dynamics and Control
Volume	18
Issue number	5
Publication status	Published - Sept 1994

Keywords

General equilibrium
Infinite-dimensional commodity space
Negishi approach

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KW - General equilibrium

KW - Infinite-dimensional commodity space

KW - Negishi approach

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

Abstract

Keywords

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