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Dusenberry's ratcheting of consumption : optimal dynamic consumption and investment given intolerance for any decline in standard of living
Dybvig, Philip H. - In: The review of economic studies 62 (1995) 2, pp. 287-313
Persistent link: https://www.econbiz.de/10001181709
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Verification theorems for models of optimal consumption and investment with retirement and constrained borrowing
Dybvig, Philip H.; Liu, Hong - In: Mathematics of operations research 36 (2011) 4, pp. 620-635
Persistent link: https://www.econbiz.de/10009405903
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Lifetime consumption and investment : retirement and constrained borrowing
Dybvig, Philip H.; Liu, Hong - In: Journal of economic theory 145 (2010) 3, pp. 885-907
Persistent link: https://www.econbiz.de/10008697137