Compare and constrast between the ramsey model for the central planner and the solow model for economic growth
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The Ramsey–Cass–Koopmans model, or Ramsey growth model, is a neoclassical model of economic growth based primarily on the work of Frank P. Ramsey, with significant extensions by David Cass and Tjalling Koopmans. The Ramsey–Cass–Koopmans model differs from the Solow–Swan model in ... Originally Ramsey set out the model as a central planner's problem o
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