{"id":"https://openalex.org/W3122897715","doi":"https://doi.org/10.1007/s00780-016-0316-0","title":"Optimal consumption and investment with Epstein\u2013Zin recursive utility","display_name":"Optimal consumption and investment with Epstein\u2013Zin recursive utility","publication_year":2016,"publication_date":"2016-12-06","ids":{"openalex":"https://openalex.org/W3122897715","doi":"https://doi.org/10.1007/s00780-016-0316-0","mag":"3122897715"},"language":"en","primary_location":{"id":"doi:10.1007/s00780-016-0316-0","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s00780-016-0316-0","pdf_url":null,"source":{"id":"https://openalex.org/S172526255","display_name":"Finance and Stochastics","issn_l":"0949-2984","issn":["0949-2984","1432-1122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Stochastics","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5081508511","display_name":"Holger Kraft","orcid":"https://orcid.org/0000-0001-5001-2964"},"institutions":[{"id":"https://openalex.org/I114090438","display_name":"Goethe University Frankfurt","ror":"https://ror.org/04cvxnb49","country_code":"DE","type":"education","lineage":["https://openalex.org/I114090438"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Holger Kraft","raw_affiliation_strings":["Faculty of Economics and Business Administration, Goethe University, Theodor-W.-Adorno-Platz 3, 60323, Frankfurt am Main, Germany"],"affiliations":[{"raw_affiliation_string":"Faculty of Economics and Business Administration, Goethe University, Theodor-W.-Adorno-Platz 3, 60323, Frankfurt am Main, Germany","institution_ids":["https://openalex.org/I114090438"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5055772204","display_name":"Thomas Seiferling","orcid":null},"institutions":[{"id":"https://openalex.org/I153267046","display_name":"University of Kaiserslautern","ror":"https://ror.org/04zrf7b53","country_code":"DE","type":"education","lineage":["https://openalex.org/I153267046"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Thomas Seiferling","raw_affiliation_strings":["Department of Mathematics, University of Kaiserslautern, 67653, Kaiserslautern, Germany"],"affiliations":[{"raw_affiliation_string":"Department of Mathematics, University of Kaiserslautern, 67653, Kaiserslautern, Germany","institution_ids":["https://openalex.org/I153267046"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5015522850","display_name":"Frank Thomas Seifried","orcid":null},"institutions":[{"id":"https://openalex.org/I89864525","display_name":"Universit\u00e4t Trier","ror":"https://ror.org/02778hg05","country_code":"DE","type":"education","lineage":["https://openalex.org/I89864525"]}],"countries":["DE"],"is_corresponding":true,"raw_author_name":"Frank Thomas Seifried","raw_affiliation_strings":["Department IV\u2014Mathematics, University of Trier, Universit\u00e4tsring 19, 54296, Trier, Germany"],"affiliations":[{"raw_affiliation_string":"Department IV\u2014Mathematics, University of Trier, Universit\u00e4tsring 19, 54296, Trier, Germany","institution_ids":["https://openalex.org/I89864525"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5015522850"],"corresponding_institution_ids":["https://openalex.org/I89864525"],"apc_list":{"value":2290,"currency":"EUR","value_usd":2890},"apc_paid":null,"fwci":8.465,"has_fulltext":false,"cited_by_count":64,"citation_normalized_percentile":{"value":0.97527329,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":99},"biblio":{"volume":"21","issue":"1","first_page":"187","last_page":"226"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9995999932289124,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9995999932289124,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9962999820709229,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.9854999780654907,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/affine-transformation","display_name":"Affine transformation","score":0.6634358167648315},{"id":"https://openalex.org/keywords/incomplete-markets","display_name":"Incomplete markets","score":0.6376594305038452},{"id":"https://openalex.org/keywords/consumption","display_name":"Consumption (sociology)","score":0.6097860336303711},{"id":"https://openalex.org/keywords/mathematical-finance","display_name":"Mathematical finance","score":0.6002547144889832},{"id":"https://openalex.org/keywords/argument","display_name":"Argument (complex analysis)","score":0.5423662662506104},{"id":"https://openalex.org/keywords/computation","display_name":"Computation","score":0.5248004198074341},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.5005152225494385},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.482416033744812},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.47509562969207764},{"id":"https://openalex.org/keywords/fixed-point","display_name":"Fixed point","score":0.46053504943847656},{"id":"https://openalex.org/keywords/hamilton\u2013jacobi\u2013bellman-equation","display_name":"Hamilton\u2013Jacobi\u2013Bellman equation","score":0.44624632596969604},{"id":"https://openalex.org/keywords/asset","display_name":"Asset (computer security)","score":0.44073253870010376},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.4093478322029114},{"id":"https://openalex.org/keywords/applied-mathematics","display_name":"Applied mathematics","score":0.3907732367515564},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.35240069031715393},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.30592045187950134},{"id":"https://openalex.org/keywords/optimal-control","display_name":"Optimal control","score":0.2824694514274597},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.11207234859466553},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.11016103625297546},{"id":"https://openalex.org/keywords/mathematical-analysis","display_name":"Mathematical analysis","score":0.07819706201553345},{"id":"https://openalex.org/keywords/algorithm","display_name":"Algorithm","score":0.0705951452255249}],"concepts":[{"id":"https://openalex.org/C92757383","wikidata":"https://www.wikidata.org/wiki/Q382497","display_name":"Affine transformation","level":2,"score":0.6634358167648315},{"id":"https://openalex.org/C109354906","wikidata":"https://www.wikidata.org/wiki/Q6015174","display_name":"Incomplete markets","level":2,"score":0.6376594305038452},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.6097860336303711},{"id":"https://openalex.org/C93373587","wikidata":"https://www.wikidata.org/wiki/Q335632","display_name":"Mathematical finance","level":2,"score":0.6002547144889832},{"id":"https://openalex.org/C98184364","wikidata":"https://www.wikidata.org/wiki/Q1780131","display_name":"Argument (complex analysis)","level":2,"score":0.5423662662506104},{"id":"https://openalex.org/C45374587","wikidata":"https://www.wikidata.org/wiki/Q12525525","display_name":"Computation","level":2,"score":0.5248004198074341},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.5005152225494385},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.482416033744812},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.47509562969207764},{"id":"https://openalex.org/C61445026","wikidata":"https://www.wikidata.org/wiki/Q217608","display_name":"Fixed point","level":2,"score":0.46053504943847656},{"id":"https://openalex.org/C196978813","wikidata":"https://www.wikidata.org/wiki/Q3302775","display_name":"Hamilton\u2013Jacobi\u2013Bellman equation","level":3,"score":0.44624632596969604},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.44073253870010376},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.4093478322029114},{"id":"https://openalex.org/C28826006","wikidata":"https://www.wikidata.org/wiki/Q33521","display_name":"Applied mathematics","level":1,"score":0.3907732367515564},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.35240069031715393},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.30592045187950134},{"id":"https://openalex.org/C91575142","wikidata":"https://www.wikidata.org/wiki/Q1971426","display_name":"Optimal control","level":2,"score":0.2824694514274597},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.11207234859466553},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.11016103625297546},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.07819706201553345},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.0705951452255249},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C202444582","wikidata":"https://www.wikidata.org/wiki/Q837863","display_name":"Pure mathematics","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1007/s00780-016-0316-0","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s00780-016-0316-0","pdf_url":null,"source":{"id":"https://openalex.org/S172526255","display_name":"Finance and Stochastics","issn_l":"0949-2984","issn":["0949-2984","1432-1122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Stochastics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:spr:finsto:v:21:y:2017:i:1:d:10.1007_s00780-016-0316-0","is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s00780-016-0316-0","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":47,"referenced_works":["https://openalex.org/W1511896630","https://openalex.org/W1523509543","https://openalex.org/W1565478397","https://openalex.org/W1574786337","https://openalex.org/W1672750543","https://openalex.org/W1930083487","https://openalex.org/W1968051860","https://openalex.org/W1976745820","https://openalex.org/W1979878470","https://openalex.org/W1984671878","https://openalex.org/W1991552664","https://openalex.org/W1994791309","https://openalex.org/W1994823764","https://openalex.org/W1997481555","https://openalex.org/W2008682088","https://openalex.org/W2024922075","https://openalex.org/W2034466528","https://openalex.org/W2046553535","https://openalex.org/W2052852643","https://openalex.org/W2064978316","https://openalex.org/W2072685235","https://openalex.org/W2085120124","https://openalex.org/W2086649061","https://openalex.org/W2093645352","https://openalex.org/W2094435795","https://openalex.org/W2132807882","https://openalex.org/W2149557824","https://openalex.org/W2157883119","https://openalex.org/W2291688673","https://openalex.org/W2432273626","https://openalex.org/W2506637745","https://openalex.org/W3028434020","https://openalex.org/W3094738227","https://openalex.org/W3103310378","https://openalex.org/W3121378067","https://openalex.org/W3121952528","https://openalex.org/W3122085781","https://openalex.org/W3122156162","https://openalex.org/W3122650759","https://openalex.org/W3122817125","https://openalex.org/W3122832813","https://openalex.org/W3123163976","https://openalex.org/W3123700451","https://openalex.org/W3124163886","https://openalex.org/W3125005772","https://openalex.org/W3125895147","https://openalex.org/W3125981747"],"related_works":["https://openalex.org/W2101972397","https://openalex.org/W2215521480","https://openalex.org/W2357076882","https://openalex.org/W2131475871","https://openalex.org/W1972459237","https://openalex.org/W2094108073","https://openalex.org/W2503826451","https://openalex.org/W2077881057","https://openalex.org/W2072514696","https://openalex.org/W2009611555"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":10},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":8},{"year":2022,"cited_by_count":7},{"year":2021,"cited_by_count":11},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":7},{"year":2017,"cited_by_count":7},{"year":2014,"cited_by_count":1}],"updated_date":"2026-04-04T16:13:02.066488","created_date":"2025-10-10T00:00:00"}
