Arbeitspapier
An exercise on discrete-time intertemporal optimization
This paper, using the different alternative methods of dynamic optimization (the Lagrange/Kuhn-Tucker (LKT) method, the substitution method, the Hamiltonian method, and the dynamic programming approach) derives the conditions that must be satisfied by the solution to the so-called Ramsey problem, hopefully in a way that can be understood by undergraduate economics students. This is done by assuming that time is discrete and that, for simplicity but without loss of generality, there are only three periods.
- Sprache
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Englisch
- Erschienen in
-
Series: UPSE Discussion Paper ; No. 2013-06
- Klassifikation
-
Wirtschaft
Optimization Techniques; Programming Models; Dynamic Analysis
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Macroeconomics: Consumption; Saving; Wealth
- Thema
-
Ramsey problem
dynamic optimazation
Lagrange method
Substitution method
Hamiltonian method
dynamic programming
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Natividad-Carlos, Fidelina B.
- Ereignis
-
Veröffentlichung
- (wer)
-
University of the Philippines, School of Economics (UPSE)
- (wo)
-
Quezon City
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Natividad-Carlos, Fidelina B.
- University of the Philippines, School of Economics (UPSE)
Entstanden
- 2013
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