Abstract:
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.
Keywords:MATHEMATICS; LIFE (search for similar items in EconPapers) JEL-codes:C61C63I10I12 (search for similar items in EconPapers) Date: 2000
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More papers in Working Papers from Osaka - Institute of Social and Economic Research Address: OSAKA UNIVERSITY, THE INSTITUTE OF SOCIAL AND ECONOMIC RESEARCH(I.S .E.R.), 6-1 MIHOGAOKA IBARAKI OSAKA 567 JAPAN Contact information at EDIRC. Series data maintained by Thomas Krichel ().
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