Bliss and Optimal Growth

Başçı, Erdem
Voyvoda, Ebru
ODTÜ Gelişme Dergisi


Bliss and optimal growth
Başçı, Erdem; Voyvoda, Ebru (Orta Doğu Teknik Üniversitesi (Ankara, Turkey), 2001)
This paper studies optimal growth when households have bliss points in their consumption sets. Optimal policies are characterized for a one-sector, discrete-time growth model with quadratic utility and linear technology. The optimal consumption function turns out to be non-linear in an essential way. Depending on the level of patience and initial capital, poverty traps, Solow-type growth and endogenous growth are possible outcomes.
Wisdom in relation to ecopsychological self
Şahin, Rukiye; Baloğlu, Mustafa; Erdem, Ahmet; Erdem, Şefika (Springer Science and Business Media LLC, 2020-01-01)
Theoretical and empirical studies on wisdom continue to interest researchers in various fields. Studies have long pointed out the empirical operationalization of the construct, which has been speculated on since ancient Greece. In addition to numerous theoretical conceptualizations and operational measures, investigations between wisdom and other variables such as positive human traits, dispositional, situational, and environmental variables have helped us understand the concept better. The wisdom developme...
Harmony Search Algorithm Based Management of Distributed Energy Resources and Storage Systems in Microgrids
Ceylan, Oguzhan; SEZGİN, MUSTAFA ERDEM; Göl, Murat; Verga, Maurizio; Lazzari, Riccardo; Kwaye, Marcel Pendieu; Sandroni, Carlo (2020-05-01)
Microgrids are composed of distributed energy resources (DERs), storage devices, electric vehicles, flexible loads and so on. They may either operate connected to the main electricity grid (on-grid operation) or separated from the grid (islanded operation). The outputs of the renewable energy sources may fluctuate and thus can cause deviations in the voltage magnitudes especially at islanded mode. This may affect the stability of the microgrids. This paper proposes an optimization model to efficiently manag...
Utopia and predictions: an aspect of architectural conceptualization.
Rona, Ferhan; Department of Architecture (1973)
Realism and Autonomous Architecture: Irreconcilable Differences?
Özkaya, Ayşe Belgin (2002-05-01)
Citation Formats
E. Başçı and E. Voyvoda, “Bliss and Optimal Growth,” ODTÜ Gelişme Dergisi, pp. 1–14, 2001, Accessed: 00, 2021. [Online]. Available: