Optimal Consumption and Portfolio Rules with Durability and Local Substitution
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Publication:5289301
DOI10.2307/2951779zbMath0772.90015OpenAlexW2048556780MaRDI QIDQ5289301
Publication date: 22 August 1993
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/1721.1/48630
free boundary problemssingular controlportfolio choiceoptimal consumptiondurable goodsgeometric Brownian motion processequilibrium risk premiumperiodic consumption
Application models in control theory (93C95) Economic growth models (91B62) Consumer behavior, demand theory (91B42)
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