Name: Optimal Consumption and Investment with Bankruptcy
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Author: Suresh P. Sethi
ISBN: 9781461378716

Optimal Consumption and Investment with Bankruptcy af Suresh P. Sethi

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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).

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Sprog:
Engelsk

ISBN:
9781461378716

Forlag:
Springer-Verlag New York Inc.

Indbinding:
Paperback

Sideantal:
428

Udgivet:
10. oktober 2012

Udgave:
11997

Størrelse:
234x156x23 mm.

Vægt:
688 g.

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Leveringstid: 8-11 hverdage

Forventet levering: 10. december 2024

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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).

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