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Optimal Consumption and Investment in the Economy with Infinite Number of Consumption Goods
2014
Social Science Research Network
In the article we present some extension for the classical problem of dynamic investment optimization. We take the neoclassical model of growth with one product and many consumption goods. The number of consumption goods can be infinite and the consumption bundle is defined on some abstract, measurable space. The instantaneous social utility of consumption is measured as the integral of individual utilities of the consumption goods. The process of transforming product into consumption goods is
doi:10.2139/ssrn.2394273
fatcat:kgeyw7zx4fb4namu6n7qalrgjy