Non-Time Additive Utility Optimization - the Case of Certainty
AbstractWe study the intertemporal utility maximization problem for Hindy- Huang-Kreps utilities. Necessary and sufficient conditions for optimality are given. An explicit solution is provided for a large class of utility functions. In particular, the case of separable power utilities with a finite time horizon is solved explicitly.
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Bibliographic InfoPaper provided by EconWPA in its series GE, Growth, Math methods with number 9811002.
Length: 18 pages
Date of creation: 27 Nov 1998
Date of revision:
Note: Type of Document - LaTex/; prepared on IBM PC - PC-TEX; to print on HP/PostScript; pages: 18; figures: none
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intertemporal utility; non time additive utility;
Other versions of this item:
- Bank, Peter & Riedel, Frank, 2000. "Non-time additive utility optimization--the case of certainty," Journal of Mathematical Economics, Elsevier, vol. 33(3), pages 271-290, April.
- Riedel, Frank & Bank, Peter, 1998. "Non-time additive utility optimization: The case of certainty," SFB 373 Discussion Papers 1998,108, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
This paper has been announced in the following NEP Reports:
- NEP-ALL-1998-12-09 (All new papers)
- NEP-EVO-1998-12-09 (Evolutionary Economics)
- NEP-MIC-1998-12-09 (Microeconomics)
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GE, Growth, Math methods
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