Finite horizon portfolio selection with durable goods

Jeon, J; Koo, HK; Park, K

Park, K (corresponding author), Chinese Univ Hong Kong, Dept Stat, Hong Kong, Peoples R China.

MATHEMATICAL SOCIAL SCIENCES, 2021; 111 (): 55

Abstract

We study the consumption and portfolio selection problem of a finitely lived agent who derives utility from the stock of durable goods. We show that t......

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