Intertemporal equilibrium with financial asset and physical capital
نویسندگان
چکیده
منابع مشابه
Intertemporal equilibrium with financial asset and physical capital
We build an infinite-horizon dynamic deterministic general equilibrium model with imperfect markets (because of borrowing constraints), in which heterogeneous agents invest in capital or/and financial asset, and consume. There is a representative firm who maximizes its profit. Firstly, the existence of intertemporal equilibrium is proved even if aggregate capital is not uniformly bounded. Secon...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2015
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-015-0881-z