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A tale of two Rawlsian criteria

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  • Ha-Huy, Thai

Abstract

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.

Suggested Citation

  • Ha-Huy, Thai, 2019. "A tale of two Rawlsian criteria," MPRA Paper 95629, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:95629
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    9. Jean-Pierre Drugeon & Thai Ha-Huy & Thi Do Hanh Nguyen, 2019. "On maximin dynamic programming and the rate of discount," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 67(3), pages 703-729, April.
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    More about this item

    Keywords

    Maximin principle; Ralws criterion; Ramsey criterion;
    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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