Optimal growth and uncertainty: The borrowing models
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Publication:594754
DOI10.1016/0022-0531(81)90052-1zbMath0526.90023OpenAlexW1968485190MaRDI QIDQ594754
W. R. S. Sutherland, C. A. Field, Leonard C. MacLean
Publication date: 1981
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(81)90052-1
pessimistic modeloptimal economic growthoptimal capital allocationlendingquadratic utility functionborrowingfuture investmentimmediate consumptionoptimal investment and consumption policiesoptimistic modelrandom production output
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Optimal growth and uncertainty: The borrowing models, Intertemporal borrowing to sustain exogenous consumption standards under uncertainty
Cites Work
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