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JOURNALS // Chebyshevskii Sbornik // Archive

Chebyshevskii Sb., 2019 Volume 20, Issue 4, Pages 188–196 (Mi cheb844)

This article is cited in 5 papers

Assessment of the necessary initial economic resource in the Ramsey–Kass–Koopmans problem

A. I. Kozko, L. M. Luzhina, A. Yu. Popov, V. G. Chirskii

Lomonosov Moscow State University

Abstract: The article investigates the full utility of economic activity in a finite period of time in the case when the utility function admits with high accuracy the approximation of a linear function. The estimation of the best approximation of the utility function on the segment with a given ratio of the ends of the linear function is given.

Keywords: mathematical model, Ramsey-Kass-Koopmans problem, competitive households, maximizing total utility, analytical approximation.

UDC: 518.865

Received: 04.10.2019
Accepted: 20.12.2019

DOI: 10.22405/2226-8383-2018-20-4-188-196



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