Non-Time Additive Utility Optimization - the Case of Certainty

Peter Bank and Frank Riedel ()
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Peter Bank: Humboldt University Berlin

GE, Growth, Math methods from EconWPA

Abstract: We 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.

Keywords: intertemporal utility; non time additive utility (search for similar items in EconPapers)
JEL-codes: D91 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-evo and nep-mic
Date: 1998-11-27
Note: Type of Document - LaTex/; prepared on IBM PC - PC-TEX; to print on HP/PostScript; pages: 18; figures: none
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Related works:
Working Paper: Non-Time Additive Utility Optimization - the Case of Certainty
Journal Article: Non-time additive utility optimization--the case of certainty (2000)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpge:9811002

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