A characterization of Ramsey equilibrium in a model with limited borrowing

Becker, 1980, On the long-run steady state in a simple dynamic model of equilibrium with heterogeneous households, Q. J. Econom., 95, 375, 10.2307/1885506 Becker, 2006 Becker, 2014, On existence and bubbles of Ramsey equilibrium with borrowing constraints, Econom. Theory Becker, 2014, On Ramsey equilibrium: capital ownership pattern and inefficiency, Econom. Theory, 55, 565, 10.1007/s00199-013-0767-x Becker, 1987, A characterization of Ramsey equilibrium, J. Econom. Theory, 41, 173, 10.1016/0022-0531(87)90011-1 Becker, 2012, Efficient Ramsey equilibria, Macroeconom. Dyn., 16, 18, 10.1017/S1365100511000538 Bewley, 1982, An integration of equilibrium theory and turnpike theory, J. Math. Econom., 10, 233, 10.1016/0304-4068(82)90039-8 Borissov, K., On equilibrium dynamics with many agents and wages paid ex ante. Department of Economics, European University at St. Petersburg, Working Paper (Ec-5/11), 2011. Bosi, 2010, On the Ramsey equilibrium with heterogeneous consumers and endogenous labor supply, J. Math. Econom., 46, 475, 10.1016/j.jmateco.2010.03.002 Debreu, 1952, A social welfare equilibrium existence theorem, Proc. Natl. Acad. Sci., 38, 887, 10.1073/pnas.38.10.886 Le~Van, 2007, Equilibrium dynamics in an aggregative model of capital accumulation with heterogeneous agents and elastic labor, J. Math. Econom., 43, 287, 10.1016/j.jmateco.2006.06.003 Malinvaud, 1953, Capital accumulation and efficient allocation of resources, Econometrica, 21, 233, 10.2307/1905538 Mitra, 2013, On Ramsey’s conjecture, J. Econom. Theory, 148, 1953, 10.1016/j.jet.2013.05.003 Ramsey, 1928, A mathematical theory of saving, Econom. J., 38, 543