2 problems

Let $t$ denote time and $x>0$ wealth, with $V(t,x)$ the equilibrium value function and $\widetilde{V}^{(k)}(t,x)$ the auxiliary functions indexed by $k\in\mathbb{N}$. In the unit-r…

Let $t$ denote time and $x$ wealth, with $V(t,x)$ the equilibrium value function and $\widetilde{V}^{(k)}(t,x)$ the auxiliary functions indexed by $k\in\mathbb{N}$. The model has r…