Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/61261 
Year of Publication: 
1998
Series/Report no.: 
SFB 373 Discussion Paper No. 1998,108
Publisher: 
Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes, Berlin
Abstract: 
We study the intertemporal utility maximization problem for Hindy-Huang-Kreps utilities. Necessary and sufficient conditions for optimality are given. An explicit solution is provided for a large class of utility functions. In particular, the case of separable power utilities with a finite time horizon is solved explicitly.
Subjects: 
non-time additive utility optimization
intertemporal utility
JEL: 
D91
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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