Showing math.OCShow all
2 papers · 1 filter
math.OC2016
Deterministic Income with Deterministic and Stochastic Interest Rates
Julia Eisenberg
We consider an individual or household endowed with an initial capital and an income, modeled as a deterministic process with a continuous drift rate. At first, we model the discou…
math.OC2016
Unrestricted Consumption under a Deterministic Wealth and an Ornstein-Uhlenbeck Process as a Discount Rate
Julia Eisenberg
We consider an individual or household endowed with an initial capital and an income, modeled as a linear function of time. Assuming that the discount rate evolves as an Ornstein-U…