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October 1, 1992Mathematical Finance

Optimal Consumption‐Portfolio Policies With Habit Formation1

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JDJérôme DetempleBoston UniversityFZFernando ZapateroBoston University

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Detemple et al. (1992) studied this question.

synapsesocial.com/papers/6a7f71ee024876978df6d945https://doi.org/10.1111/j.1467-9965.1992.tb00032.x
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  1. 1On Transforming a Certain Class of Stochastic Processes by Absolutely Continuous Substitution of Measures1960 · 736 citations