Optimal consumption and portfolio rules with durability and habit formation

Journal of Economic Dynamics and Control

Volumn 21, Issue 2-3, 1997, Pages 525-550

  Hindy, Ayman ^a   Huang, Chi Fu ^a   Zhu, Steven H ^b  

^a Long Term Capital Management   (United States)

^b NBD   (United States)

Author keywords

Free boundary; Habit formation; Local substitution; Singular control

Indexed keywords

EID: 0031067288     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0165-1889(96)00943-8     Document Type: Article

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