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

Rolf R. Mantel

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)

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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

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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.