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Saving and dissaving under Ramsey - Rawls criterion

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  • Ha-Huy, Thai
  • Nguyen, Thi Tuyet Mai

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.

Suggested Citation

  • Ha-Huy, Thai & Nguyen, Thi Tuyet Mai, 2019. "Saving and dissaving under Ramsey - Rawls criterion," MPRA Paper 93710, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:93710
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    maximin principle; $alpha-$ maximin; Ralws criterion; Ramsey criterion; $epsilon-$contamination;
    All these keywords.

    JEL classification:

    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • 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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