An Optimal Investment/Consumption Model with Borrowing

• 1 November 1991
• journal article
• Published by Institute for Operations Research and the Management Sciences (INFORMS) in Mathematics of Operations Research
• Vol. 16  (4) , 802-822
• https://doi.org/10.1287/moor.16.4.802

Abstract

Keywords

• OPTIMAL
• FUNCTION
• RATE EXCEEDING
• RISKLESS ASSET
• RISKY ASSET
• WEALTH X
• DIFFERENTIAL
• BEHAVIOR
• DISCOUNTED