Construct · 1 fields · 1 citations

Ramsey rule: a standalone construct

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Environmental economics

the condition from Ramsey's optimal saving model linking the discount rate to pure time preference plus the elasticity of marginal utility times consumption growth.

In environmental economics, Ramsey rule refers to the condition from Ramsey's optimal saving model linking the discount rate to pure time preference plus the elasticity of marginal utility times consumption growth. This meaning comes from Ramsey (1928) in The Economic Journal.[1]

Unit
Recovery means
Measured by

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Nearby constructs

satiation4 fields · 8 citationsjingle · one word, four constructs condition2 fields · 2 citationsjingle · one word, two constructs consumption3 fields · 5 citationsjingle · one word, three constructs

References

Ramsey, F. P. (1928). A Mathematical Theory of Saving. The Economic Journal, 38(152), 543. https://doi.org/10.2307/2224098

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