The fundamental principle of intertemporal optimization. Consumer behavior under recursive preferences

DOI10.1016/0165-1765(93)90153-4MaRDI QIDQ1311231zbMATH OpenOpenAlexFDO

Authors Hiroaki Hayakawa, Suezo Ishizawa

Publication date 13 January 1994

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0165-1765(93)90153-4

zbMATH Keywords

implicit utility price of assetsPontryagin's maximum principle

Mathematics Subject Classification ID

Utility theory (91B16) Consumer behavior, demand theory (91B42) Application models in control theory (93C95)

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Cites work

• A simple dynamic general equilibrium model
• scientific article; zbMATH DE number 3167340 (Why is no real title available?)
• Optimal Saving Programs under Intertemporally Dependent Preferences
• The Global Stability of Efficient Intertemporal Allocations

Cited in

(3)

• The optimal consumption-wealth relation and the permanent income-life cycle hypothesis under recursive preferences
• Optimal consumption-wealth relationships derived by consumer intertemporal profit maximisation
• The complete complementarity of consumption and real balances and the strong superneutrality of money

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