题目如下:
Assume that the instantaneous utility function u(C) in equation(2.1) is ln(C).Consider the problem of a household maximazing(2.1) subject to (2.6).Find an expression for C at each time as a function of initial wealth plus the present value of labor income, the path of r(t), and the parameters of the utility function.
我看的是英文版的,所以大家凑合看吧,呵呵,我对答案有点不解,答案中,第二个等式,一般来讲是不等式,此题为什么可以取等式?第六个等式下面As long as ......(which it must be),the integal is ......如果不成立此题就无法解?
还望大家不吝赐教,谢谢!多谢了!
PS:公式2.1和2.6我在此处没法写,答案里面显示的有。