An optimal investment, consumption-leisure and voluntary retirement choice problem with subsistence consumption constraints
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Publication:346618
DOI10.1007/s13160-016-0215-yzbMath1349.91247OpenAlexW2387838784MaRDI QIDQ346618
Publication date: 29 November 2016
Published in: Japan Journal of Industrial and Applied Mathematics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s13160-016-0215-y
dynamic programming methodconsumption and leisurevoluntary retirementCobb-Douglas utilitysubsistence consumption constraint
Dynamic programming (90C39) Financial applications of other theories (91G80) Portfolio theory (91G10)
Related Items (4)
Consumption-portfolio choice with subsistence consumption and risk aversion change at retirement ⋮ An exactly solvable multiple stochastic optimal stopping problem ⋮ Unnamed Item ⋮ An optimal consumption, investment and voluntary retirement choice problem with disutility and subsistence consumption constraints: a dynamic programming approach
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