Optimal retirement and portfolio selection with consumption ratcheting

Investment Under Uncertainty.

Eduardo S. Schwartz, Avinash Dixit, Robert S. Pindyck · The Journal of Finance · 1994 · 9.9K citations

Business, Business Economics, Economics +16

Optimum consumption and portfolio rules in a continuous-time model

Robert C. Merton · Journal of Economic Theory · 1971 · 6.2K citations

Social Sciences, Economics, Finance +16

Income, Saving and the Theory of Consumer Behavior.

Ralph Turvey, James S. Duesenberry · Economica · 1950 · 2.2K citations

Social Sciences, Business Economics, Economics +12

Habit Formation: A Resolution of the Equity Premium Puzzle

George M. Constantinides · Journal of Political Economy · 1990 · 2.2K citations

Social Sciences, Business Economics, Economics +17

Optimal consumption and portfolio policies when asset prices follow a diffusion process

John C. Cox, Chi-fu Huang · Journal of Economic Theory · 1989 · 1.7K citations

Business, Economics, Finance +17