Tailor
发表于 2025-3-25 04:23:31
Infinite-Horizon Investment Consumption Model with a Nonterminal Bankruptcypossibility of recovery from his bankruptcy. The main contribution of the paper is in the modeling of the recovery process. Moreover, it is shown that the model with recovery has a one-to-one correspondence with the model with terminal bankruptcy treated in the literature.
harangue
发表于 2025-3-25 09:34:33
Explicit Solution of a General Consumption/Portfolio Problem with Subsistence Consumption and Bankrunalysis allows for general continuously differentiable concave utility functions. The model takes into consideration that consumption must be no smaller than a given subsistence rate and that bankruptcy can occur. Thus the paper generalizes the results of Karatzas, Lehoczky, Sethi and Shreve (1986).
dandruff
发表于 2025-3-25 15:37:58
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芭蕾舞女演员
发表于 2025-3-25 18:20:05
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stress-response
发表于 2025-3-25 23:27:03
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MURAL
发表于 2025-3-26 02:23:30
https://doi.org/10.1007/978-1-4615-6257-3Distribution; Investment; foundation; macroeconomics
otic-capsule
发表于 2025-3-26 05:38:10
Consumption/Investment Problemsrn on the portfolio as a whole. More specifically, he should select portfolios which are mean-variance efficient in that they minimize portfolio variance for a given expected return; see also Tobin (1958) and Markowitz (1987).
拥护者
发表于 2025-3-26 10:05:02
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无弹性
发表于 2025-3-26 12:52:09
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圆锥体
发表于 2025-3-26 20:36:08
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