On existence of optimal programs: The RSS model without concavity assumptions on felicities

M. Khan and Alexander J. Zaslavski

Journal of Mathematical Economics, 2009, vol. 45, issue 9-10, 624-633

Abstract: In the context of a model due to Robinson, Solow and Srinivasan (the RSS model) with time-dependent felicity functions that are not necessarily concave, we report a theorem on the existence of optimal programs. An extended introduction places our theorem in the context of previous work on the existence question.

Keywords: RSS; model; Optimal; program; Time-dependence; Non-concave; felicities; Hyperbolic; discounting (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:45:y:2009:i:9-10:p:624-633

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