On an optimal consumption problem for p-integrable consumption plans

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On an optimal consumption problem for p-integrable consumption plans
 
Balder, E.J.; Pistorius, M.R.
(1999) Utrecht University Repository
(Preprint)
Abstract
A generalization is presented of the existence results for an optimal consumption problem of Aumann and Perles [4] and Cox and Huang [10]. In addition, we present avery general optimality principle.
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Keywords: Optimal consumption and investment, Variational problem, Lyapunov-type optimization problem, Extremum principle, Existence of p-integrable optimal solutions, Growth conditions
 
 
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