Wealth Dynamics

Hamilton Galindo Gil
Additional contact information
Hamilton Galindo Gil: Cleveland State University, Department of Finance and Economics

Chapter Chapter 4 in Heterogeneous Agents in Asset Pricing, Vol 1, 2025, pp 129-142 from Springer

Abstract: Abstract This chapter derives the wealth dynamics in continuous time, a fundamental component of the agent’s optimal control problem. The analysis begins by defining the agent’s budget constraint in discrete time. Subsequently, the budget constraint and the wealth equation are transformed into their continuous-time counterparts. These expressions are then integrated to formulate the agent’s continuous-time wealth dynamics. The chapter concludes with two illustrative examples.

Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-031-93263-2_4

Ordering information: This item can be ordered from
http://www.springer.com/9783031932632

DOI: 10.1007/978-3-031-93263-2_4

Access Statistics for this chapter

More chapters in Lecture Notes in Economics and Mathematical Systems from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().