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Optimal growth and Ramsey-Rawls criteria

Author

Listed:
  • Thai Ha-Huy

    (EPEE, University of Evry, University Paris-Saclay; TIMAS, Thang Long University)

  • Tuyet Mai Nguyen

    (ThuongMai University, Vietnam; University Paris 1, France)

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 a a-maximin criterion is also considered with optimal solution characterized.

Suggested Citation

  • Thai Ha-Huy & Tuyet Mai Nguyen, 2019. "Optimal growth and Ramsey-Rawls criteria," Documents de recherche 19-02, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    • Handle: RePEc:eve:wpaper:19-02
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    maximin principle; a-maximin; Ralws criterion; Ramsey criterion; ?-contamination;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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