Инвестиционные риски и «ловушки роста» в модели Рамсея (Investment Risks and Growth Traps in the Ramsey Model)

2021 ◽  
Author(s):  
Alexander Golub ◽  
Vladimir Potashnikоv
Keyword(s):  
Ramsey Model

Have We Missed the Right Version of the Ramsey Model?

2013 ◽  
Author(s):  
Atef Khelifi
Keyword(s):  
Ramsey Model ◽  
The Right

scholarly journals Non-smooth dynamics and multiple equilibria in a Cournot–Ramsey model with endogenous markups

2013 ◽  
Vol 37 (11) ◽  
pp. 2287-2306 ◽  
Author(s):  
Paulo B. Brito ◽  
Luís F. Costa ◽  
Huw Dixon
Keyword(s):  
Multiple Equilibria ◽  
Ramsey Model ◽  
Smooth Dynamics

scholarly journals Entry and the Accumulation of Capital: A Two State-Variable Extension to the Ramsey Model

2007 ◽  
Author(s):  
Paulo B. Brito ◽  
Huw David Dixon
Keyword(s):  
Ramsey Model ◽  
State Variable

Local and global dynamics of Ramsey model: From continuous to discrete time

2018 ◽  
Vol 28 (5) ◽  
pp. 055902 ◽  
Author(s):  
Malgorzata Guzowska ◽  
Elisabetta Michetti
Keyword(s):  
Discrete Time ◽  
Global Dynamics ◽  
Ramsey Model ◽  
Local And Global Dynamics

scholarly journals How stationarity contradicts intergenerational equity

2020 ◽  
Author(s):  
Geir B. Asheim ◽  
Kuntal Banerjee ◽  
Tapan Mitra
Keyword(s):  
Social Welfare ◽  
Intergenerational Equity ◽  
Time Inconsistency ◽  
Equal Treatment ◽  
Ramsey Model ◽  
Time Invariance

Abstract We show how the condition of stationarity may contradict intergenerational equity. By formalizing the intuition that less sensitivity remains for the continuation of the stream if sensitivity for the interests of the present is combined with stationarity, we point out conflicts (a) between stationarity and the requirement of not letting the present be dictatorial, and (b) between stationarity and equal treatment of generations. We use the results to interpret the non-stationarity of the Chichilnisky and Rank-discounted utilitarian social welfare functions. Non-stationarity combined with time invariance leads to time inconsistency. We illustrate how such non-stationary social welfare functions can be applied in the Ramsey model if time invariance is imposed.

The Three-Sector Ramsey Model

2009 ◽  
pp. 79-112
Author(s):  
Terry L. Roe ◽  
D. Şirin Saracoğlu ◽  
Rodney B.W. Smith
Keyword(s):  
Ramsey Model

The Ramsey Model in Discrete Time and Decreasing Population Growth Rate

2014 ◽  
Author(s):  
Juan Gabriel Brida ◽  
Gasttn Cayssials ◽  
Juan Sebastiin Pereyra
Keyword(s):  
Growth Rate ◽  
Population Growth ◽  
Discrete Time ◽  
Population Growth Rate ◽  
Ramsey Model

scholarly journals Bernoulli substitution in the Ramsey model: Optimal trajectories under control constraints

2017 ◽  
Vol 57 (5) ◽  
pp. 770-783
Author(s):  
A. A. Krasovskii ◽  
P. D. Lebedev ◽  
A. M. Tarasyev
Keyword(s):  
Optimal Trajectories ◽  
Control Constraints ◽  
Ramsey Model

The application of Ramsey model to the Algerian economy

2016 ◽  
Vol 15 (1) ◽  
pp. 83-102
Author(s):  
Achour Tani Yamna ◽  
Cuong Le Van
Keyword(s):  
Ramsey Model

scholarly journals Optimal Consumption in a Stochastic Ramsey Model with Cobb-Douglas Production Function

2013 ◽  
Vol 2013 ◽  
pp. 1-8 ◽  
Author(s):  
Md. Azizul Baten ◽  
Anton Abdulbasah Kamil
Keyword(s):  
Production Function ◽  
Viscosity Solution ◽  
Solution Method ◽  
Hjb Equation ◽  
Optimal Consumption ◽  
Ramsey Model ◽  
Discounted Utility ◽  
Hamilton Jacobi Bellman Equation ◽  
Hamilton Jacobi Bellman ◽  
Douglas Production Function

A stochastic Ramsey model is studied with the Cobb-Douglas production function maximizing the expected discounted utility of consumption. We transformed the Hamilton-Jacobi-Bellman (HJB) equation associated with the stochastic Ramsey model so as to transform the dimension of the state space by changing the variables. By the viscosity solution method, we established the existence of viscosity solution of the transformed Hamilton-Jacobi-Bellman equation associated with this model. Finally, the optimal consumption policy is derived from the optimality conditions in the HJB equation.

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