Variational problem of economic dynamics model of Harrod-Domar with variable capital-output ratio of income gain consumption optimization
A. Y. Meerson , A. P. Chernyaev
Izvestiya MGTU MAMI ›› 2014, Vol. 8 ›› Issue (3-4) : 77 -79.
Variational problem of economic dynamics model of Harrod-Domar with variable capital-output ratio of income gain consumption optimization
The paper studies variational formulation of the optimal control problem of consumption by classical macroeconomic Harrod-Domar model capital-output ratio of income gain is not constant and depends on time as a function of arbitrary nature.
differential equation / calculus of variations / integral discounted utility of consumption
Meerson A.Y., Chernyaev A.P.
/
| 〈 |
|
〉 |
PDF
