Optimal economic growth with recursive preferences: decreasing rate of time preference

Authors

  • Rolf R. Mantel

Keywords:

niveles óptimos de producción

Abstract

In the field of optimal growth theory, since Ramsey's time it is frequent to maximize a welfare function consisting of the discounted sum of instantaneous utilities, with a constant rate of time preferencie. Such an optimality criterion implies that preferences are independent over time. (Párrafo extraído del texto a modo de resumen)

Downloads

Metrics

PDF views
43
Jan 2000Jul 2000Jan 2001Jul 2001Jan 2002Jul 2002Jan 2003Jul 2003Jan 2004Jul 2004Jan 2005Jul 2005Jan 2006Jul 2006Jan 2007Jul 2007Jan 2008Jul 2008Jan 2009Jul 2009Jan 2010Jul 2010Jan 2011Jul 2011Jan 2012Jul 2012Jan 2013Jul 2013Jan 2014Jul 2014Jan 2015Jul 2015Jan 2016Jul 2016Jan 2017Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Jul 2025Jan 20264.0
|

Downloads

Published

1999-12-29

How to Cite

Mantel, . R. R. (1999). Optimal economic growth with recursive preferences: decreasing rate of time preference. Económica, 45(2), p. 331–348. Retrieved from https://revistas.unlp.edu.ar/Economica/article/view/8849

Issue

Vol. 45 No. 2 (1999): Número especial: Homenaje de la Asociación Argentina de Economía Política al Dr. Prof. Rolf R. Mantel

Section

Articles

License

The material published in the journal is distributed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) license. This license requires proper credit to be given, a link to the license to be provided, and changes to be indicated. It does not permit commercial use of the work, and if the work is remixed, transformed, or otherwise modified, distribution of such modification is not allowed.

Most read articles by the same author(s)

1 2 3 4 > >>