Maximizing the utility of consumption with commutable life annuities
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Publication:2445347
DOI10.1016/j.insmatheco.2012.06.002zbMath1284.91275OpenAlexW2094884995MaRDI QIDQ2445347
Publication date: 14 April 2014
Published in: Insurance Mathematics \& Economics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.insmatheco.2012.06.002
stochastic controlutility maximizationimpulse controlsingular controlfree-boundary problemoptimal consumptionoptimal investmentretirementcommutable annuities
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