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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, 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.
    2. 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.

    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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