This article considers existence and uniqueness of infinite-horizon Epstein–Zin stochastic differential utility (EZ-SDU) for the case that the coefficients Rof relative risk aversion and Sof elasticity of intertemporal complementarity (the reciprocal of elasticity of intertemporal...

In this article, we consider the optimal investment-consumption problem for an agent with preferences governed by Epstein--Zin stochastic differential utility (EZ-SDU) who invests in a constant-parameter Black-Scholes-Merton market over the infinite horizon. The parameter combinations that we...

In this article, we consider the optimal investment-consumption problem for an agent with preferences governed by Epstein-Zin stochastic differential utility who invests in a constant-parameter Black-Scholes-Merton market.The paper has three main goals: first, to provide a detailed introduction...

In this note we ask when Epstein-Zin-Weil (EZW) recursive utility over the infinite horizon is well-founded. EZW recursive utility has a parameter $\gamma 0$ representing risk aversion and a parameter $\psi 0$ representing intertemporal elasticity of substitution, and is an extension of...

This paper re-examines the role of trade unions in society utilizing the framework of the praxis of alienation. The concepts of “fundamental” alienation and “peripheral” alienation help in clarifying the praxis of trade unionism.

The discussion of the macropraxis of alienation in this paper is divided into three parts: • Part one is an examination of the relevant portions of the Constitutional vision which is the basis of the superstructure which Indian society has given to itself. • Part two is a general overview of...