Investment and consumption with small transaction costs
This thesis consists of two parts, both of which study the infinite horizon Merton problem under asymptotically small transaction costs. In the first part the asymptotical no trade regions are found numerically for proportional transaction costs, whereas the second is an initial attempt to employ ho...
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| Format: | Others |
| Language: | English |
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KTH, Matematik (Avd.)
2013
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| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-139320 |