Simple Proof of Existence of Equilibrium in a Single-Sector Growth Model with Elastic Labor ∗

@inproceedings{Vailakis2004SimplePO,
  title={Simple Proof of Existence of Equilibrium in a Single-Sector Growth Model with Elastic Labor ∗},
  author={Yiannis Vailakis},
  year={2004}
}
We prove existence of a competitive equilibrium in a version of a Ramsey model in which leisure enters the utility function. The analysis is carried out by means of a direct and technically simple approach that allows us to obtain detailed results concerning the behavior of equilibrium allocations and prices. 

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