𝔖 Bobbio Scriptorium
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Efficiency prices for optimal consumption plans

✍ Scribed by Bezalel Peleg


Book ID
103193352
Publisher
Elsevier Science
Year
1970
Tongue
English
Weight
336 KB
Volume
29
Category
Article
ISSN
0022-247X

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Optimal consumption–portfolio choices an
✍ Zvi Bodie; JΓ©rΓ΄me B. Detemple; Susanne Otruba; Stephan Walter πŸ“‚ Article πŸ“… 2004 πŸ› Elsevier Science 🌐 English βš– 414 KB

We examine consumption and investment decisions in a life-cycle model with habit formation, stochastic opportunity set, stochastic wages and labor supply exibility. Retirement is taken into account by specifying an age at which labor earnings stop, but consumption spending continues. Explicit soluti