A comment on durable goods consumption
โ Scribed by Kiseok Hong
- Book ID
- 114220838
- Publisher
- Elsevier Science
- Year
- 1996
- Tongue
- English
- Weight
- 458 KB
- Volume
- 37
- Category
- Article
- ISSN
- 0304-3932
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
We examine the intertemporal optimal consumption and investment problem in a continuous-time economy with a divisible durable good. Consumption services are assumed to be proportional to the stock of the good held and adjustment of the stock is costly, in that it involves the payment of a proportion
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