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Saving and dissaving under Ramsey - Rawls criterion

Ha-Huy, Thai and Nguyen, Thi Tuyet Mai (2019): Saving and dissaving under Ramsey - Rawls criterion.

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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 $\alpha-$\emph{maximin} criterion is also considered with optimal solution characterized.

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