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JOURNALS // Chebyshevskii Sbornik // Archive

Chebyshevskii Sb., 2019 Volume 20, Issue 4, Pages 197–207 (Mi cheb845)

This article is cited 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.

UDC: 518.865

Received: 04.10.2019
Accepted: 20.12.2019

DOI: 10.22405/2226-8383-2018-20-4-197-207



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