An optimal investment, consumption-leisure and voluntary retirement choice problem with subsistence consumption constraints

We study an optimal investment, consumption-leisure and voluntary retirement problem for an agent whose consumption rate process is subject to a subsistence constraint before retirement. We use the dynamic programming method to obtain closed-form solutions for the optimal strategies as well as the v...

Celý popis

Uloženo v:

Podrobná bibliografie
Vydáno v:	Japan journal of industrial and applied mathematics Ročník 33; číslo 2; s. 297 - 320
Hlavní autoři:	Lee, Ho-Seok, Shin, Yong Hyun
Médium:	Journal Article
Jazyk:	angličtina
Vydáno:	Tokyo Springer Japan 01.07.2016 Springer Nature B.V
Témata:	Applications of Mathematics Computational Mathematics and Numerical Analysis Consumption Dynamic programming Investment Mathematics Mathematics and Statistics Original Paper Retirement Voluntary retirement Consumption and leisure Dynamic programming method 91G10 Cobb–Douglas utility Subsistence consumption constraint 91G80
ISSN:	0916-7005, 1868-937X
On-line přístup:	Získat plný text
Tagy:	Přidat tag Žádné tagy, Buďte první, kdo vytvoří štítek k tomuto záznamu!

Buďte první, kdo okomentuje tento záznam!