Non-time additive utility optimization: The case of certainty

Frank Riedel and Peter Bank

No 1998,108, SFB 373 Discussion Papers from Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes

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: non-time additive utility optimization; intertemporal utility (search for similar items in EconPapers)
JEL-codes: D91 (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Non-time additive utility optimization--the case of certainty (2000)
Working Paper: Non-Time Additive Utility Optimization - the Case of Certainty (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:sfb373:1998108

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