In this talk we consider modern developments of the neoclassical growth model developed by Ramsey almost 90 years ago. One example is the extension to peer-to-peer banking, which leads to a vector optimization problem. Another aspect we consider is the extension of the model with a finite number of households which leads to an optimal control pr...
Sachs, Ekkehard W. (Universität Trier)
University of Minnesota, Institute for Mathematics and its Applications.