Equilibria in distorted infinite-horizon economies with capital and labor
Article Abstract:
There are methods for proving the existence of an equilibrium in infinite-horizon economies, which is composed of households that accumulate capital and supply labor, and faced with distortions and externalities. In addition, there are also methods to identify the equilibrium and verify their uniqueness. These methods can be applied to real and monetary economies.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1997
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Uniqueness of an equilibrium in infinite-horizon economies subject to taxes and externalities
Article Abstract:
Research verifying the uniqueness of the equilibrium for stochastic economies of infinite-horizon and capital with distortionary taxes is presented. Particular attention is given to proofs developing the characteristic of concavity for monotone operators related to equilibria.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2000
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Uniqueness of stationary equilibria in a one-dimensional model of bargaining
Article Abstract:
The authors provide minimal and maximal stationary equilibria for quadratic utility bargaining.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2003
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