Showing 1 - 10 of 15
For a class of aggregative optimal growth models, which allow for a non-convex and non-differentiable production technology, this paper examines whether the set of utilitarian maximal programs coincides with the set of weakly maximal programs. It identifies a condition, called the...
Persistent link: https://www.econbiz.de/10010292060
For a class of aggregative optimal growth models, which allow for a non-convex and non-differentiable production technology, this paper examines whether the set of utilitarian maximal programs coincides with the set of weakly maximal programs. It identifies a condition, called the...
Persistent link: https://www.econbiz.de/10008499562
In this paper we study the extent to which ethical social welfare orders on infinite utility streams can be continuous. For a class of metrics, we show that ethical preferences can be continuous if and only if the continuity requirement is in terms of a metric which satisfies a simplex...
Persistent link: https://www.econbiz.de/10005553666
Persistent link: https://www.econbiz.de/10005388241
For a class of aggregative optimal growth models, which allow for a non-convex and non-differentiable production technology, this paper examines whether the set of utilitarian maximal programs coincides with the set of weakly maximal programs. It identifies a condition, called the...
Persistent link: https://www.econbiz.de/10005103204
For a class of aggregative optimal growth models, which allow for a non-convex and non-differentiable production technology, this paper examines whether the set of utilitarian maximal programs coincides with the set of weakly maximal programs. It identifies a condition, called the...
Persistent link: https://www.econbiz.de/10005626930
Persistent link: https://www.econbiz.de/10012105598
For a class of aggregative optimal growth models, which allow for a non-convex and non-differentiable production technology, this paper examines whether the set of utilitarian maximal programs coincides with the set of weakly maximal programs. It identifies a condition, called the...
Persistent link: https://www.econbiz.de/10003810224
Persistent link: https://www.econbiz.de/10009299728
Persistent link: https://www.econbiz.de/10003485319