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• W2950942661 abstract "In this paper, we study the dividend strategies for a shareholder with non-constant discount rate in a diffusion risk model. We assume that the dividends can only be paid at a bounded rate and restrict ourselves to the Markov strategies. This is a time inconsistent control problem. The extended HJB equation is given and the verification theorem is proved for a general discount function. Considering the pseudo-exponential discount functions (Type I and Type II), we get the equilibrium dividend strategies and the equilibrium value functions by solving the extended HJB equations." @default.
• W2950942661 created "2019-06-27" @default.
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• W2950942661 date "2013-04-30" @default.
• W2950942661 modified "2023-09-27" @default.
• W2950942661 title "On the Dividend Strategies with Non-Exponential Discounting" @default.
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• W2950942661 hasPublicationYear "2013" @default.
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