Keywords
Hamilton–Jacobi–Bellman equationConsumption (sociology)Bellman equationUnemploymentEconomicsPortfolioMarkov chainSemimartingaleConsumption functionInvestment (military)Value (mathematics)EconometricsFunction (biology)Stochastic controlMathematicsOptimal controlMathematical optimizationMathematical economicsMicroeconomicsApplied mathematicsProduction (economics)StatisticsFinancial economics
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Publication Info
- Year
- 1971
- Type
- article
- Volume
- 3
- Issue
- 4
- Pages
- 373-413
- Citations
- 6053
- Access
- Closed
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Cite This
Robert C. Merton
(1971).
Optimum consumption and portfolio rules in a continuous-time model.
Journal of Economic Theory
, 3
(4)
, 373-413.
https://doi.org/10.1016/0022-0531(71)90038-x
Identifiers
- DOI
- 10.1016/0022-0531(71)90038-x