"2009-09-09+02:00"^^ . "Prague" . . "P(GA402/08/0107), Z(AV0Z10750506)" . "We consider an extended version of the Ramsey growth model under stochastic uncertaity modelled by Markov processes. In contrast to the standard model we assume that splitting of production between consumption and capital accumulation is influenced by some random factor, e.g. governed by transition probabilities depending on the current value of the accumulated capital, along with possible interventions of the decision maker. Basic properties of the standation formulation are summarized and compared with their counterpart in the extended version. Finding optimal policy of the extended model can be either performed by additional compensation of the (random) disturbances or can be also formulated as finding optimal control of a Markov decision process."@en . "1"^^ . . . . . . "\u010Cesk\u00E1 zem\u011Bd\u011Blsk\u00E1 univerzita v Praze" . . "978-80-213-1963-9" . "[2DEFE62CB38B]" . . . "Sladk\u00FD, Karel" . . . . "Ramsey Growth Model Under Uncertainty" . . "Ramsey Growth Model Under Uncertainty"@en . "338067" . "We consider an extended version of the Ramsey growth model under stochastic uncertaity modelled by Markov processes. In contrast to the standard model we assume that splitting of production between consumption and capital accumulation is influenced by some random factor, e.g. governed by transition probabilities depending on the current value of the accumulated capital, along with possible interventions of the decision maker. Basic properties of the standation formulation are summarized and compared with their counterpart in the extended version. Finding optimal policy of the extended model can be either performed by additional compensation of the (random) disturbances or can be also formulated as finding optimal control of a Markov decision process." . "4"^^ . "Proceedings of 27th International Conference Mathematical Methods in Economics 2009" . "Ramsey Growth Model Under Uncertainty" . . "Economic dynamics; Ramsey growth model; Markov decision processes"@en . "RIV/67985556:_____/09:00329457!RIV10-AV0-67985556" . . . "1"^^ . . . "Ramsey Growth Model Under Uncertainty"@en . "RIV/67985556:_____/09:00329457" . "Kostelec nad \u010Cern\u00FDmi lesy" .