This paper examines the retirement decision, optimal investment, and consumption strategies under an age …-dependent force of mortality. We formulate the optimization problem as a combined stochastic control and optimal stopping problem with … problem, we transform it into its dual form, which is a finite time horizon, three-dimensional degenerate optimal stopping …

This study examines optimal government redistribution in a Mirrleesian framework, accounting for a negative effect of …

adoption of new technologies. The socially optimal expansion path entails an informational trade-off where acting today speeds …

adoption of new technologies. The socially optimal expansion path entails an informational trade-off where acting today speeds …