A tale of two Rawlsian criteria

Ha-Huy, Thai (2019): A tale of two Rawlsian criteria.

Abstract

This work considers optimisation problems under Rawls and maximin with multiple discount factors criteria. It proves that though these criteria are different, they have the same optimal value and solution.

• Item Type: MPRA Paper
• Language: English
• Keywords: Maximin principle, Ralws criterion, Ramsey criterion
• Subjects: C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis; D - Microeconomics > D1 - Household Behavior and Family Economics > D11 - Consumer Economics: Theory; D - Microeconomics > D9 - Intertemporal Choice > D90 - General

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