Abstract:
We study the dependence of the functions of capital (resource) and consumption in the Ramsey-Kass-Koopmans economic model in the case when saving is an identical constant. The system of differential equations describing the evolution of the economic model under consideration is solved in quadratures under the assumptions made. Upper estimates of the consumption function are found based on the obtained solution.
Keywords:mathematical model, Ramsey–Kass–Koopmans problem, competitive households, function of capital, consumption.