Article | Journal of Economic Theory | December 1971

Optimum Consumption and Portfolio Rules in a Continuous-Time Model

by Robert C. Merton

Keywords: Governing Rules, Regulations, and Reforms;

Citation:

Merton, Robert C. "Optimum Consumption and Portfolio Rules in a Continuous-Time Model." Journal of Economic Theory 3 (December 1971): 373–413. (Chapter I of Ph.D. dissertation; Chapter 5 in Continuous-Time Finance.)