Welfare effects of controlling labor supply: An application of the stochastic Ramsey model

DOI10.1016/S0165-1889(02)00167-7MaRDI QIDQ951466zbMATH OpenOpenAlexFDO

Authors Henrik Amilon, Hans-Peter Bermin

Publication date 24 October 2008

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1889(02)00167-7

zbMATH Keywords

interest rate dynamicsMalliavin calculusRamsey modelstochastic controlutility maximization

Mathematics Subject Classification ID

Stochastic calculus of variations and the Malliavin calculus (60H07) Welfare economics (91B15) Macroeconomic theory (monetary models, models of taxation) (91B64) Stochastic models in economics (91B70)

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Cites work

• A generalized clark representation formula, with application to optimal portfolios
• A portfolio approach to endogenous growth: equilibrium and optimal policy
• An Asymptotic Theory of Growth Under Uncertainty
• Hedging Options: The Malliavin Calculus Approach versus the Delta-Hedging Approach
• scientific article; zbMATH DE number 3736679 (Why is no real title available?)
• scientific article; zbMATH DE number 43867 (Why is no real title available?)
• scientific article; zbMATH DE number 192908 (Why is no real title available?)
• scientific article; zbMATH DE number 1200330 (Why is no real title available?)
• scientific article; zbMATH DE number 785439 (Why is no real title available?)

Cited in

(1)

• Optimal consumption in a stochastic Ramsey model with Cobb-Douglas production function

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