• Media type: E-Book
  • Title: Complementarity Modeling of a Ramsey-Type Equilibrium Problem with Heterogeneous Agents
  • Contributor: Frerick, Leonhard [Author]; Müller-Fürstenberger, Georg [Other]; Schmidt, Martin [Other]; Spaeth, Max [Other]
  • imprint: [S.l.]: SSRN, [2020]
  • Extent: 1 Online-Ressource (14 p)
  • Language: English
  • DOI: 10.2139/ssrn.3659055
  • Identifier:
  • Origination:
  • Footnote: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 16, 2020 erstellt
  • Description: We contribute to the field of Ramsey-type equilibrium models with heterogeneous agents. To this end, we state such a model in a time-continuous and time-discrete form, which in the latter case leads to a finite-dimensional mixed complementarity problem. We prove the existence of solutions of the latter problem using the theory of variational inequalities and present further properties of its solutions. Finally, we apply our model in a case-study to real-world data to highlight the main effects of equilibria between heterogeneous households
  • Access State: Open Access