The fundamental principle of intertemporal optimization. Consumer behavior under recursive preferences

DOI10.1016/0165-1765(93)90153-4zbMath0782.90025OpenAlexW1528956627MaRDI QIDQ1311231

Hiroaki Hayakawa, Suezo Ishizawa

Publication date: 13 January 1994

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(93)90153-4

zbMATH Keywords

Pontryagin's maximum principleimplicit utility price of assets

Mathematics Subject Classification ID

Application models in control theory (93C95) Utility theory (91B16) Consumer behavior, demand theory (91B42)

Related Items (2)

The optimal consumption-wealth relation and the permanent income-life cycle hypothesis under recursive preferences ⋮ The complete complementarity of consumption and real balances and the strong superneutrality of money

Cites Work

• Unnamed Item
• A simple dynamic general equilibrium model
• Optimal Saving Programs under Intertemporally Dependent Preferences
• The Global Stability of Efficient Intertemporal Allocations

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