Long, Jun; Zeng, Sanyun; Gupta, Brij; Zhang, Jindan; … - In: Journal of innovation & knowledge : JIK 9 (2024) 1, pp. 1-12
This study investigates the dynamics of a stochastic hyperbolic discounting model in a continuous-time framework to address the complexities associated with the corporate international investment consumption problem (CIICP). By formulating a dynamic programming equation based on the principles...