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Neighborhood Turnpike Theorem for Continuous-Time Optimization Models

✍ Scribed by M. Marena; L. Montrucchio


Book ID
110411355
Publisher
Springer
Year
1999
Tongue
English
Weight
976 KB
Volume
101
Category
Article
ISSN
0022-3239

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Consumption and portfolio turnpike theor
✍ Xing Jin πŸ“‚ Article πŸ“… 1998 πŸ› Elsevier Science 🌐 English βš– 182 KB

This paper investigates consumption and portfolio turnpike theorems in a continuous-time model. When the inverse functions of the derivative of utility functions for consumption and investment belong to a special subclass of regularly varying functions, it is shown that optimum portfolio, ΓΏnal wealt