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Beals, Alejandro; Lyon, Loreto
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P. P. Deichuli, G. F. Abdrashitov, A. A. Ivanov, V. V. Kolmogorov, V. V. Mishagin, G. I. Shul'zhenko, N. V. Stupishin, D. Beals, and R. Granetz
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Rolf Mantel
Pág. pp. 161 - 178
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. Such an optimality criterion implies that preferences are independent over time. Followi...
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