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The optimal consumption function in a Brownian model of accumulation. Part a: the consumption function as solution of a boundary value problem

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  • Foldes, Lucien

Abstract

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Suggested Citation

  • Foldes, Lucien, 1996. "The optimal consumption function in a Brownian model of accumulation. Part a: the consumption function as solution of a boundary value problem," LSE Research Online Documents on Economics 3585, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:3585
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    File URL: http://eprints.lse.ac.uk/3585/
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    Cited by:

    1. Foldes, Lucien, 2014. "The optimal consumption function in a Brownian model of accumulation part B: existence of solutions of boundary value problems," LSE Research Online Documents on Economics 60956, London School of Economics and Political Science, LSE Library.
    2. Foldes, Lucien, 2001. "The optimal consumption function in a Brownian model of accumulation Part A: The consumption function as solution of a boundary value problem," Journal of Economic Dynamics and Control, Elsevier, vol. 25(12), pages 1951-1971, December.

    More about this item

    Keywords

    Consumption; capital accumulation; Brownian motion; optimisation; ordinary differential equations; boundary value problems;
    All these keywords.

    JEL classification:

    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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