Sustainability in a Risky World
收藏NBER2021-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28899
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资源简介：
How much consumption is sustainable, if \sustainability" requires that welfare should not be expected to decline over time? We impose a sustainability constraint on a standard consumption/portfolio choice problem. The constraint does not distort port- folio choice, but it imposes an upper bound on
提供机构：
美国国家经济研究局
创建时间：
2021-06-01
