## SUMMARY We study a single risky financial asset model subject to price impact and transaction cost over an infinite horizon. An investor needs to execute a long position in the asset, affecting the price of the asset and possibly incurring a fixed transaction cost. The objective is to maximize t
β¦ LIBER β¦
THE EFFECTS OF VARIABLE AND FIXED TRANSACTION COSTS ON OPTIMAL INVESTMENT DECISIONS
β Scribed by Rafael Lazimy; Haim Levy
- Book ID
- 109166952
- Publisher
- Decision Sciences Institute, Georgia State University
- Year
- 1983
- Tongue
- English
- Weight
- 817 KB
- Volume
- 14
- Category
- Article
- ISSN
- 0011-7315
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
Optimal execution strategy in the presen
β
Mauricio Junca
π
Article
π
2011
π
John Wiley and Sons
π
English
β 686 KB
The Effects of Business-to-Business E-Co
β
Luis Garicano; Steven N. Kaplan
π
Article
π
2001
π
John Wiley and Sons
π
English
β 178 KB
The Effect of Life Cycle Cost Informatio
β
Josef Kaenzig; Rolf WΓΌstenhagen
π
Article
π
2009
π
MIT Press
π
English
β 235 KB
Growth Opportunities and Investment Deci
β
Kee H. Chung; Kyu H. Kim
π
Article
π
1997
π
John Wiley and Sons
π
English
β 167 KB
Optimal Cost-Effectiveness Decisions: Th
β
Garry R. Barton; Andrew H. Briggs; Elisabeth A. L. Fenwick
π
Article
π
2008
π
John Wiley and Sons
π
English
β 994 KB
The effects of skewness on optimal produ
β
Donald Lien
π
Article
π
2009
π
John Wiley and Sons
π
English
β 100 KB
π 2 views
## Abstract Assume that the spot price has a skewβnormal distribution. This study investigates the effect of skewness on optimal production and hedging decisions. It is shown that skewness has no effect on the optimal production level but induces the firm to become more active in futures trading. Β©