Free Download Notes on Consumption Theory: Deterministic and Stochastic Dynamic Models
English | 2024 | ISBN: 3031549856 | 161 Pages | PDF EPUB (True) | 10 MB
This textbook offers a compact, yet formal, synthesis of the broad field of consumption theory. Written in a coherent and accessible way, this book introduces graduate and postgraduate students to dynamic optimization applied to consumption under certainty and uncertainty, in discrete and continuous time. Delving into deterministic and stochastic models, including the use of Brownian motions, the book offers a deeper understanding of consumption decisions and their impact on asset pricing and investment in partial and general equilibrium.