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Consumption and Portfolio Selection with Labor Income: A Continuous Time Approach

✍ Scribed by Hyeng Keun Koo


Book ID
108550420
Publisher
John Wiley and Sons
Year
1998
Tongue
English
Weight
140 KB
Volume
8
Category
Article
ISSN
0960-1627

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πŸ“œ SIMILAR VOLUMES


Consumption and portfolio turnpike theor
✍ Xing Jin πŸ“‚ Article πŸ“… 1998 πŸ› Elsevier Science 🌐 English βš– 182 KB

This paper investigates consumption and portfolio turnpike theorems in a continuous-time model. When the inverse functions of the derivative of utility functions for consumption and investment belong to a special subclass of regularly varying functions, it is shown that optimum portfolio, ΓΏnal wealt