This 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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Paper provided by Osaka - Institute of Social and Economic Research in its series Papers with number
506.
Length: 61 pages Date of creation: 2000 Date of revision: Handle: RePEc:fth:osakae:506
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