| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 4622216 | Journal of Mathematical Analysis and Applications | 2008 | 13 Pages |
Abstract
We study the optimal consumption problem in the one-sector model of economic growth under uncertainty. We show the existence of a classical solution of the Hamilton–Jacobi–Bellman equation associated with the stochastic optimization problem, and then give an optimal consumption policy in terms of its solution.
Related Topics
Physical Sciences and Engineering
Mathematics
Analysis
