Title of article
Optimal consumption models in economic growth
Author/Authors
Hiroaki Morimoto، نويسنده ,
Issue Information
دوهفته نامه با شماره پیاپی سال 2008
Pages
13
From page
480
To page
492
Abstract
We study the optimal consumption problem in the one-sector model of economic growth under uncertainty. We show the existence
of a classical solution of the Hamilton–Jacobi–Bellman equation associated with the stochastic optimization problem, and
then give an optimal consumption policy in terms of its solution.
© 2007 Elsevier Inc. All rights reserved
Keywords
Viscosity solutions , Hamilton–Jacobi–Bellman equation , Economic growth
Journal title
Journal of Mathematical Analysis and Applications
Serial Year
2008
Journal title
Journal of Mathematical Analysis and Applications
Record number
936392
Link To Document