Internal habits formation and optimality

DOI10.1016/j.jmateco.2020.09.008zbMath1458.91134OpenAlexW2922027516MaRDI QIDQ2222223

Fausto Gozzi, Mauro Bambi

Publication date: 26 January 2021

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2020.09.008

zbMATH Keywords

dynamic programmingviscosity solutionendogenous growthhabit formationsufficient conditions of optimality

Mathematics Subject Classification ID

Dynamic programming (90C39) Economic growth models (91B62) Viscosity solutions to Hamilton-Jacobi equations in optimal control and differential games (49L25)

Related Items (3)

Habits and demand changes after COVID-19 ⋮ On history-dependent optimization models: a unified framework to analyze models with habits, satiation and optimal growth ⋮ On the closed-form solution of an endogenous growth model with anticipated consumption

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