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This work considers optimization 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.
Persistent link: https://www.econbiz.de/10015219431
We develop a turnpike theory for a class of dynamic general equilibrium models where total demand function satisfy …
Persistent link: https://www.econbiz.de/10015221284
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...
Persistent link: https://www.econbiz.de/10015263969
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.
Persistent link: https://www.econbiz.de/10015264937
This work considers optimization 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.
Persistent link: https://www.econbiz.de/10015265059
This work considers optimization 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.
Persistent link: https://www.econbiz.de/10015265475
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...
Persistent link: https://www.econbiz.de/10015265652
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...
Persistent link: https://www.econbiz.de/10015264886
are applied to the theory of stochastic optimal growth. Also a discussion of some subtle issues concerning k-local and …
Persistent link: https://www.econbiz.de/10015214179
The paper analyses the effects of the present-bias in terms of reduction of the welfare of future generations in the framework of renewable resources harvesting. In particular, this study queries the behavioral traits that emerge when the agent is present-biased and also in presence of...
Persistent link: https://www.econbiz.de/10015259148