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Pump choice to optimize energy consumption

✍ Scribed by Hans Vogelesang


Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
321 KB
Volume
2008
Category
Article
ISSN
0262-1762

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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