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This article is cited in 5 scientific papers (total in 5 papers)
Optimal exponent in the Ramsey–Kass–Koopmans problem with logarithmic utility function
A. I. Kozko, L. M. Luzhina, A. Yu. Popov, V. G. Chirskii Lomonosov Moscow State University
Abstract:
We study the full utility of economic activity in a certain model, when the investment in the production of an economic resource is given as an exponent and the utility function — logarithm. We prove the existence and uniqueness of the optimal exponent and find the interval in which the optimal exponent is contained.
Keywords:
mathematical model, Ramsey–Kass–Koopmans problem, competitive households, maximizing total utility, log-utility.
Received: 04.10.2019 Accepted: 20.12.2019
Citation:
A. I. Kozko, L. M. Luzhina, A. Yu. Popov, V. G. Chirskii, “Optimal exponent in the Ramsey–Kass–Koopmans problem with logarithmic utility function”, Chebyshevskii Sb., 20:4 (2019), 197–207
Linking options:
https://www.mathnet.ru/eng/cheb845 https://www.mathnet.ru/eng/cheb/v20/i4/p197
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