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An Alternative Framework

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Book cover On Optimal Population Paths

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 142))

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Abstract

The approach used in the previous sections, to determine a normative theory of population and savings, was to choose non-negative sequences {Ct} and {Lt} from some feasible set of such sequences, so as to maximize a social welfare function which in general takes the form:

$$W{\mkern 1mu} = W(u({c_o}), ({c_l}), \ldots , u({c_t}), \ldots ; {L_l}, \ldots , {L_t}, \ldots ).$$

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© 1977 Springer-Verlag Berlin · Heidelberg

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Lane, J.S. (1977). An Alternative Framework. In: On Optimal Population Paths. Lecture Notes in Economics and Mathematical Systems, vol 142. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-95291-3_6

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  • DOI: https://doi.org/10.1007/978-3-642-95291-3_6

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-08070-1

  • Online ISBN: 978-3-642-95291-3

  • eBook Packages: Springer Book Archive

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