Embedded in Life insurance contracts are surrender options and also path dependency. Surrender option stems from many reasons. Multi-morbidity increases the rate of mortality and a variety of adverse health outcomes which may lead to surrendering. Poverty levels coupled with soci...
Open access
Research Article10.9734/JAMCS/2018/43700
In this paper, optimally controlled economic growth models with Cobb-Douglas aggregate production function are formulated to compare and contrast real per capita GDP performance as the population growth dynamics vary from purely exponential to strongly logistic. Using analytical...
Open access
Research Article10.9734/ARJOM/2017/37189
In this paper, we discuss optimally controlled economic growth models with Cobb-Douglas aggregate production function, comparing real per capita income performance in scenarios where the labour (population) growth dynamics range from purely exponential to strongly logistic. The p...
Open access
Research Article10.9734/JAMCS/2017/36753
This paper discusses optimally controlled economic growth models with linear aggregate production function of capital and labour. It compares and contrasts real per capita income performance over time in situations where the labour (population) growth dynamics vary from purely ex...
Open access
Research Article10.9734/JAMCS/2017/35984