Search Results - subject:"Optimal Consumption"

Optimal consumption and portfolio choice in the presence of risky house prices

Bilsen, Servaas van; Boelaars, Ilja - 2023

Persistent link: https://www.econbiz.de/10014458735

Life insurance completeness : a path to hedging mortality and achieving financial optimization

In: Risks : open access journal 13 (2025) 5, pp. 1-21

This paper explores optimal consumption and investment strategies for agents facing mortality risk within a complete …, allowing individuals to achieve optimal consumption even in scenarios involving negative wealth. Our model relaxes the … optimal consumption under negative wealth and state-dependent preferences, and (4) offering a resolution to the annuity puzzle …

Persistent link: https://www.econbiz.de/10015409017

Optimal consumption for recursive preferences with local substitution under risk

Li, Hanwu; Riedel, Frank - 2024

consumption problem, proving the existence and uniqueness of the optimal consumption plan. We present an infinite … investigate quantitative properties and the construction of the optimal consumption plan. Finally, we offer a detailed description … of the structure of optimal consumption within a geometric Poisson framework. …

Persistent link: https://www.econbiz.de/10015066357

Boundedly rational demand

Kocourek, Pavel; Steiner, Jakub; Stewart, Colin - In: Theoretical economics : TE ; an open access journal in … 19 (2024) 4, pp. 1415-1442

Evidence suggests that consumers do not perfectly optimize, contrary to a critical assumption of classical consumer theory. We propose a model in which consumer types can vary in both their preferences and their choice behavior. Given data on demand and the distribution of prices, we identify...

Persistent link: https://www.econbiz.de/10015135346

Mean field equilibrium asset pricing model with habit formation

Fujii, Masaaki; Sekine, Masashi - 2024

Persistent link: https://www.econbiz.de/10014543859

Revealed statistical consumer theory

Allen, Roy E.; Dziewulski, Paweł; Rehbeck, John - In: Economic theory 77 (2024) 3, pp. 823-847

Persistent link: https://www.econbiz.de/10014552973

Estimating sentiment and risk in a consumption model : a factor analysis approach

Bouaddi, Mohammed; Kakeu, Johnson - In: Macroeconomic dynamics 28 (2024) 1, pp. 249-275

Persistent link: https://www.econbiz.de/10014465391

Mean field equilibrium asset pricing model with habit formation

Fujii, Masaaki; Sekine, Masashi - 2024

Persistent link: https://www.econbiz.de/10014543349

CRRA utility maximization over a finite horizon in an exponential Levy model with finite activity

Baccarin, Stefano - 2024

Persistent link: https://www.econbiz.de/10014574104

Optimal retirement choice under age-dependent force of mortality

Ferrari, Giorgio; Zhu, Shihao - 2023

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 a random time horizon, featuring three state variables:...

Persistent link: https://www.econbiz.de/10014476277