Verification Theorems for Models of Optimal Consumption and Investment with Retirement and Constrained Borrowing

DOI10.1287/MOOR.1110.0507zbMath1238.93125OpenAlexW2067846311MaRDI QIDQ2884293

Hong Liu, Philip H. Dybvig

Publication date: 24 May 2012

Published in: Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/05f60c9e1d27f8bcd77cb47974ea1727739813bf

zbMATH Keywords

voluntary retirement investment consumption free boundary problem optimal stopping

Mathematics Subject Classification ID

Dynamic programming in optimal control and differential games (49L20) Optimal stochastic control (93E20) Consumer behavior, demand theory (91B42) Optimality conditions for problems involving randomness (49K45)

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