A Closed-form Solution for a Model of Precautionay Saving

DOI10.2307/2298063zbMath0772.90029OpenAlexW2074877491MaRDI QIDQ5289338

Frederick van der Ploeg

Publication date: 23 August 1993

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2298063

zbMATH Keywords

stochastic dynamic programmingclosed-loop linear decision ruleslife-cycle consumption plans

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Stochastic programming (90C15) Dynamic programming (90C39) Economic growth models (91B62) Stochastic systems in control theory (general) (93E03) Consumer behavior, demand theory (91B42)

Related Items (7)

``Itō's lemma and the Bellman equation for Poisson processes: An applied view ⋮ A measure of the sensitivity of saving to interest rate uncertainty with non-expected preferences ⋮ INTERNATIONAL OUTSOURCING, THE REAL EXCHANGE RATE AND EFFECTIVE DEMAND ⋮ On the relation between robust and Bayesian decision making ⋮ Model uncertainty and intertemporal tax smoothing ⋮ The effects of uncertainty on optimal consumption ⋮ Precautionary saving and fuzzy information

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