A utility maximisation problem on multiple time scales

被引：6
|
作者：
Atici, Ferhan M. [1 ]
Biles, Daniel C. [2 ]
Lebedinsky, Alex [3 ]
机构：
[1] Western Kentucky Univ, Dept Math & Comp Sci, Bowling Green, KY 42101 USA
[2] Belmont Univ, Dept Math, Nashville, TN 37212 USA
[3] Western Kentucky Univ, Dept Econ, Bowling Green, KY 42101 USA
来源：
INTERNATIONAL JOURNAL OF DYNAMICAL SYSTEMS AND DIFFERENTIAL EQUATIONS | 2011年 / 3卷 / 1-2期
关键词：
calculus of variations; time scales; delta derivative; dynamic models; optimisation;
D O I：
10.1504/IJDSDE.2011.038495
中图分类号：
O29 [应用数学];
学科分类号：
070104 ;
摘要：
In this paper, we present a technique for a dynamic optimisation problem in which the value function and constraints can be on different time scales. Using this technique we solve a perfect-foresight utility maximisation problem for a finitely-lived consumer while making very general assumptions about timing of consumption and investing decisions.
引用
收藏
页码：38 / 47
页数：10
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