Saving and dissaving under Ramsey - Rawls criterion

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

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: maximin principle, $\alpha-$ maximin, Ralws criterion, Ramsey criterion, $\epsilon-$contamination
• Subjects: C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C60 - General; 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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