Portfolio selection with transaction costs

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The author studies a stochastic optimization problem modeling the consumption and investment problem of a single agent. The model contains linear transaction costs and has been already studied by M. H. A. Davis and A. R. Norman (1990). However, in the present work, the author carries out the analysis under minimal assumptions and also for the deterministic case.

Original languageEnglish (US)
Title of host publicationProceedings of the IEEE Conference on Decision and Control
PublisherPubl by IEEE
Pages1317-1320
Number of pages4
ISBN (Print)0780304500
StatePublished - 1991
Externally publishedYes
EventProceedings of the 30th IEEE Conference on Decision and Control Part 1 (of 3) - Brighton, Engl
Duration: Dec 11 1991Dec 13 1991

Publication series

NameProceedings of the IEEE Conference on Decision and Control
Volume2
ISSN (Print)0191-2216

Conference

ConferenceProceedings of the 30th IEEE Conference on Decision and Control Part 1 (of 3)
CityBrighton, Engl
Period12/11/9112/13/91

All Science Journal Classification (ASJC) codes

  • Control and Systems Engineering
  • Modeling and Simulation
  • Control and Optimization

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