Non-time additive utility optimization : the case of certainty

Frank Riedel; Peter Bank

We study the intertemporal utility maximization problem for Hindy-Huang-Kreps utilities. Necessary and sufficient conditions for optimality are given. An explicit solution is provided for a large class of utility functions. In particular, the case of separable power utilities with a finite time horizon is solved explicitly. -- non-time additive utility optimization ; intertemporal utility

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Year of publication:	1998
Authors:	Riedel, Frank ; Bank, Peter
Institutions:	Sonderforschungsbereich Quantifikation und Simulation Ökonomischer Prozesse (contributor)
Publisher:	Berlin : Humboldt-Universität
Subject:	Intertemporale Entscheidung \| Intertemporal choice \| Nachfragetheorie des Haushalts \| Consumer demand theory

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Extent:	Online-Ressource (PDF-Datei: 18 S., 117,82 KB)
Series:	Discussion papers of interdisciplinary research project 373. - Berlin : Humboldt-Universität, ISSN 1436-1086, ZDB-ID 2135319-0. - Vol. 1998,108
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat reader
Other identifiers:	hdl:10419/61261 [Handle]
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009578558