The Sensitivity Analysis of the Optimal Length of Life -the Numerical Approach-
AbstractThis paper solves the pure consumption Grossman model numerically following dynamic programming method, and undertakes sensitivity analysis of the optimal length of life. This is the first analysis that treats the determination of optimal length of life explicitly with numerical analysis.
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Bibliographic InfoPaper provided by Institute of Social and Economic Research, Osaka University in its series ISER Discussion Paper with number 0506.
Length: 61 pages
Date of creation: 2000
Date of revision:
MATHEMATICS ; LIFE;
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