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Asymmetric contests with liquidity constraints

โœ Scribed by Martin Grossmann; Helmut Dietl


Publisher
Springer US
Year
2010
Tongue
English
Weight
760 KB
Volume
150
Category
Article
ISSN
0048-5829

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๐Ÿ“œ SIMILAR VOLUMES


Optimal consumption/investment policies
โœ Claus Munk ๐Ÿ“‚ Article ๐Ÿ“… 2000 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 606 KB

This paper examines the continuous time optimal consumption and portfolio choice of an investor having an initial wealth endowment and an uncertain stream of income from non-traded assets. The income stream is not spanned by traded assets and the investor is not allowed to borrow against future inco