Browsing by Author "Mantel, Rolf R."

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    • Optimal Economic growth with recursive preferences: decreasing rate of time preference 
      Mantel, Rolf R. (Universidad de Chile. Facultad de Economía y Negocios, 1998-12)
      In the field of optimal growth theory, since Ramsey's time it is frequent to maximize a welfare function consisting of the discounted sum of instantaneous utilities. Such an optimality criterion implies that preferences ...
    • Why the Rich Get Richer and the Poor Get Poorer 
      Mantel, Rolf R. (Universidad de Chile. Facultad de Economía y Negocios, 1995-12)
      The usual procedure in the field of optimal growth consists in maximizing a (discounted or not) sum of instantaneous utilities, called welfare. Such an optimality criterion implies that preferences are independent over ...