Optimal consumption-portfolio and leisure problem with habit formation

zbMATH Open1289.91112MaRDI QIDQ2860167FDOQ2860167

Yongwang Zhu, Weiyin Fei, Kai Su

Publication date: 19 November 2013

Published in: Journal of Nanjing University of Information Science and Technology. Natural Science Edition (Search for Journal in Brave)

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zbMATH Keywords

optimal consumptionstochastic controlutility functiondividendhabit formation

Mathematics Subject Classification ID

Portfolio theory (91G10) Utility theory (91B16) Consumer behavior, demand theory (91B42) Financial applications of other theories (91G80)

Cited In (3)

• Non-addictive habits: optimal consumption-portfolio policies.
• Optimal consumption dynamics with non-concave habit-forming utility
• Consumption--leisure choice with habit formation

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