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:
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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
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