Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/287073 
Year of Publication: 
2021
Citation: 
[Journal:] Computational Economics [ISSN:] 1572-9974 [Volume:] 60 [Issue:] 3 [Publisher:] Springer US [Place:] New York, NY [Year:] 2021 [Pages:] 1135-1154
Publisher: 
Springer US, New York, NY
Abstract: 
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 compute the growth dynamics in a calibrated model in which households differ with respect to their relative risk aversion, their discount factors, their initial wealth, and with respect to their interest rates on savings.
Subjects: 
Ramsey-type growth models
Heterogeneous agents
Equilibrium modeling
Mixed complementarity problems
JEL: 
N40
B62
Cxx
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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