On the nature of suppes-sen choice functions in an aggregative growth model

Arbeitspapier

This paper investigates the nature of paths in the standard neoclassical aggregative model of economic growth that are maximal according to the Suppes-Sen grading principle. This is accomplished by relating such paths to paths which are utilitarian maximal when an increasing (but not necessarily concave) utility function evaluates each period's consumption. An example is presented in which an explicit form of a consumption function is described, which generates only Suppes-Sen maximal paths. This consumption function is shown to generate consumption cycles, and violate the Pigou-Dalton transfer principle.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CAE Working Paper ; No. 10-06

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Welfare Economics: General ; Analysis of Collective Decision-Making: General ; Micro-Based Behavioral Economics: General‡
• Thema: Suppes-Sen Grading Principle ; Utilitarian Maximality ; Non-concave utility function ; Consumption Cycles ; Pigou-Dalton Transfer Principle ; Eigeninteresse ; Zeitpräferenz ; Utilitarismus ; Wachstumstheorie ; Neoklassik ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Dubey, Ram Sewak ; Mitra, Tapan
• Ereignis: Veröffentlichung
• (wer): Cornell University, Center for Analytical Economics (CAE)
• (wo): Ithaca, NY
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/70451
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ