Turnpike property and convergence rate for an investment and consumption model |
| |
Authors: | Bian Baojun Zheng Harry |
| |
Institution: | 1.Department of Mathematics, Tongji University, Shanghai, 200092, China ;2.Department of Mathematics, Imperial College, London, SW7 2BZ, UK ; |
| |
Abstract: | Mathematics and Financial Economics - We discuss the turnpike property for optimal investment and consumption problems. We find there exists a threshold value that determines the turnpike property... |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|