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On existence of optimal programs: The RSS model without concavity assumptions on felicities

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  • Khan, M. Ali
  • Zaslavski, Alexander J.

Abstract

In the context of a model due to Robinson, Solow and Srinivasan (the RSS model) with time-dependent felicity functions that are not necessarily concave, we report a theorem on the existence of optimal programs. An extended introduction places our theorem in the context of previous work on the existence question.

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  • Khan, M. Ali & Zaslavski, Alexander J., 2009. "On existence of optimal programs: The RSS model without concavity assumptions on felicities," Journal of Mathematical Economics, Elsevier, vol. 45(9-10), pages 624-633, September.
    • Handle: RePEc:eee:mateco:v:45:y:2009:i:9-10:p:624-633
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    1. Khan, M. Ali & Piazza, Adriana, 2010. "On the non-existence of optimal programs in the Robinson-Solow-Srinivasan (RSS) model," Economics Letters, Elsevier, vol. 109(2), pages 94-98, November.

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