Non-Time Additive Utility Optimization - the Case of Certainty

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.

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Year of publication:	1998-11-27
Authors:	Bank, Peter ; Riedel, Frank
Institutions:	EconWPA
Subject:	intertemporal utility \| non time additive utility

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Extent:	application/postscript application/pdf
Series:	GE, Growth, Math methods.
Type of publication:	Book / Working Paper
Notes:	Type of Document - LaTex/; prepared on IBM PC - PC-TEX; to print on HP/PostScript; pages: 18; figures: none 18 pages
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005556739