Optimal growth and uncertainty: The borrowing models
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Publication:594754
DOI10.1016/0022-0531(81)90052-1zbMath0526.90023MaRDI QIDQ594754
Leonard C. MacLean, C. A. Field, W. R. S. Sutherland
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 model; optimal economic growth; optimal capital allocation; lending; quadratic utility function; borrowing; future investment; immediate consumption; optimal investment and consumption policies; optimistic model; random production output
91B62: Economic growth models
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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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