Optimal consumption and savings with stochastic income and recursive utility (Q308631)
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scientific article; zbMATH DE number 6623901
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Optimal consumption and savings with stochastic income and recursive utility |
scientific article; zbMATH DE number 6623901 |
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Optimal consumption and savings with stochastic income and recursive utility (English)
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6 September 2016
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buffer stock
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precautionary savings
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incomplete markets
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borrowing constraints
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permanent income
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non-expected utility
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marginal value of liquidity
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