This paper aims to provide a representation theorem for consumption stream in the simplex in continuous time, by using …

This work aims to provide a representation theorem for consumption in simplex in continuous time by using a weaker …

rate and risk premiums using recursive utility in a continuous time model. We consider the version of recursive utility … which gives the most unambiguous separation of risk preference from time substitution, and use the stochastic maximum …

a random time horizon, featuring three state variables: wealth, labor income, and force of mortality. To address this … problem, we transform it into its dual form, which is a finite time horizon, three-dimensional degenerate optimal stopping …