When is frugality optimal?

IF 0.5 4区经济学 Q4 ECONOMICS

Mathematical Social Sciences Pub Date : 2023-09-01 DOI:10.1016/j.mathsocsci.2023.07.006

Bertrand Crettez , Naila Hayek , Georges Zaccour

引用次数: 0

Abstract

We consider an optimal growth model in which the decision maker chooses the consumption path that maximizes her utility over a finite planning horizon. At each instant of time, she can opt for a regular product that pollutes the environment, or a non-polluting frugal product, which procures, however, lower utility. Depending on the parameter values, different optimal paths can materialize, including some where a frugal lifestyle is on the rise, and others where polluting persists during the planning horizon.

查看原文本刊更多论文

什么时候节俭是最佳的？

我们考虑一个最优增长模型，在该模型中，决策者选择在有限的规划范围内使其效用最大化的消费路径。在每一个时刻，她都可以选择一种污染环境的常规产品，或者一种无污染的节俭产品，但它的效用较低。根据参数值，可以实现不同的最佳路径，包括一些节俭生活方式正在增加的路径，以及另一些在规划期内污染持续的路径。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Mathematical Social Sciences 数学-数学跨学科应用

CiteScore

1.30

自引率

0.00%

发文量

审稿时长

59 days

期刊介绍： The international, interdisciplinary journal Mathematical Social Sciences publishes original research articles, survey papers, short notes and book reviews. The journal emphasizes the unity of mathematical modelling in economics, psychology, political sciences, sociology and other social sciences. Topics of particular interest include the fundamental aspects of choice, information, and preferences (decision science) and of interaction (game theory and economic theory), the measurement of utility, welfare and inequality, the formal theories of justice and implementation, voting rules, cooperative games, fair division, cost allocation, bargaining, matching, social networks, and evolutionary and other dynamics models. Papers published by the journal are mathematically rigorous but no bounds, from above or from below, limits their technical level. All mathematical techniques may be used. The articles should be self-contained and readable by social scientists trained in mathematics.