搜索结果: 1-4 共查到“国民经济学 Utility”相关记录4条 . 查询时间(0.013 秒)
Equilibrium with exponential utility and non-negative consumption
Exponential Utility Arrow-Debreu Equilibrium Heterogeneous Economy
2011/7/4
We study a multi-period Arrow-Debreu equilibrium in a heterogeneous
economy populated by agents trading in a complete market. Each agent
is represented by an exponential utility function, where addi...
Optimal consumption and investment with bounded downside risk measures for logarithmic utility functions
Optimal consumption investment bounded downside risk measures logarithmic utility functions
2010/10/18
We investigate optimal consumption problems for a Black-Scholes market under uniform restrictions on Value-at-Risk and Expected Shortfall for logarithmic utility functions. We find the solutions in t...
Utility Function and Optimum Consumption in the models with Habit Formation and Catching up with the Joneses
Optimal Consumption Habit Formation Catching up with the oneses
2010/11/2
This paper analyzes popular time-nonseparable utility functions that de-scribe “habit formation” consumer preferences comparing current consumption with the time averaged past consumption of the same ...
The Opportunity Process for Optimal Consumption and Investment with Power Utility
consumption semimartingale dynamic programming con-vex duality
2010/11/3
We study the utility maximization problem for power utility ran-dom fields in a semimartingale financial market, with and without intermediate consumption. The notion of an opportunity process is intr...