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Optimal Consumption and Portfolio Choice With Borrowing Constraints
impression à la demandeVendeur : Forgotten Books, London, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
Paperback. Etat : New. Print on Demand. This book illuminates the intricate interplay between consumption and investment decisions amidst borrowing constraints. The author employs dynamic programming to establish the existence of optimal policies and characterizes them as feedback functions of the investor's wealth. A major focus is on the case of constant relative risk aversion, where the author thoroughly analyzes the optimal policies and compares them to those in the unconstrained scenario. The analysis reveals that borrowing constraints lead investors to adopt more conservative strategies, investing less in risky assets even at times when the constraint is not binding. This finding challenges the common assumption that borrowing constraints make investors more aggressive risk-takers. The book offers a rigorous framework for understanding how market imperfections, such as borrowing constraints, shape investment behavior and provides insights for financial regulators and policymakers seeking to promote financial stability. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781334017629_0
Acheter neuf
EUR 15,95
Livraison gratuite
Expédition depuis Royaume-Uni vers Etats-Unis
Expédition depuis Royaume-Uni vers Etats-Unis
Quantité disponible : Plus de 20 disponibles
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Optimal Consumption and Portfolio Choice With Borrowing Constraints Classic Reprint
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
Évaluation du vendeur 5 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781334017629
Acheter neuf
EUR 25,30
Livraison gratuite
Expédition nationale : Etats-Unis
Expédition nationale : Etats-Unis
Quantité disponible : 15 disponible(s)
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Optimal Consumption and Portfolio Choice With Borrowing Constraints Classic Reprint
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781334017629
Acheter neuf
EUR 24,83
Expédition à EUR 3,90
Expédition depuis Royaume-Uni vers Etats-Unis
Expédition depuis Royaume-Uni vers Etats-Unis
Quantité disponible : 15 disponible(s)