Optimization of Relations Between Consumption and Investments (in the Solow’s Model)

Authors

  • Владимир Власьевич Дудчак
  • Юрий Петрович Скапцов
  • Александр Аркадьевич Маликов

Keywords:

consumption, investment, functional well-being, optimization

Abstract

The problem of regulating the economy by choosing the optimal ratio s = s (t) between consumption and investment is considered. Best consumption defines welfare function. The article describes an approach to optimize investments in the case of piecewise constant (relay) function s (t).

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Published

2015-04-10

Issue

Vol. 10 (2012): october

Section

Статьи

How to Cite

Optimization of Relations Between Consumption and Investments (in the Solow’s Model). (2015). Modern Economics: Problems and Solutions, 10, 184-191. https://journals.vsu.ru/meps/article/view/5212