Sustained positive consumption in a model of stochastic growth: the role of risk aversion

DOI10.1016/j.jet.2010.12.010zbMath1258.91158OpenAlexW1972789219MaRDI QIDQ413517

Tapan Mitra, Santanu Roy

Publication date: 7 May 2012

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://cae.economics.cornell.edu/10.03.pdf

zbMATH Keywords

extinctionrisk aversionstochastic growthsustained consumption

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (4)

The stochastic mitra-wan forestry model: risk neutral and risk averse cases ⋮ On optimal extinction in the matchbox two-sector model ⋮ Stochastic stability of monotone economies in regenerative environments ⋮ Stochastic growth, conservation of capital and convergence to a positive steady state

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