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Optimal Consumption and Investment with Bankruptcy
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Optimal Consumption and Investment with Bankruptcy

The problem with Merton's solution is that it sometimes violates the constraints against negative wealth and negative consumption stated in Merton (1969) and presumably applicable in Merton (1971 and 1973).
Kirjailija
Suresh P. Sethi
Painos
Softcover reprint of the original 1st ed. 1997
ISBN
9781461378716
Kieli
englanti
Paino
310 grammaa
Julkaisupäivä
10.10.2012
Sivumäärä
428