Turnpike property and convergence rate for an investment model with general utility functions
File(s)edc_revision_final_2.pdf (382.14 KB)
Accepted version
Author(s)
Bian, B
Zheng, H
Type
Journal Article
Date Issued
2014-09-28
Date Acceptance
2014-09-15
Citation
Journal of Economic Dynamics & Control, 2014, 51, pp.28-49
ISSN
0165-1889
Publisher
Elsevier
Start Page
28
End Page
49
Journal / Book Title
Journal of Economic Dynamics & Control
Volume
51
Copyright Statement
© 2015, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Subjects
Social Sciences
Economics
Business & Economics
Non-strictly concave utility function
Smooth solution to HJB equation
Dual representation
Turnpike property
Convergence rate
Publication Status
Published