Optimal growth and Ramsey-Rawls criteria
Thai Ha-Huy and
Tuyet Mai Nguyen
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Tuyet Mai Nguyen: ThuongMai University, Vietnam; University Paris 1, France
No 19-02, Documents de recherche from Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne
Abstract:
This article studies an inter-temporal optimization problem using a criterion which is a combination between Ramsey and Rawls criteria. A detailed description of the saving behaviour through time is provided. The optimization problem under a a-maximin criterion is also considered with optimal solution characterized.
Keywords: maximin principle; a-maximin; Ralws criterion; Ramsey criterion; ?-contamination (search for similar items in EconPapers)
JEL-codes: C61 D11 D90 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eve:wpaper:19-02
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