Investment and consumption with small transaction costs
| Autor: | Reppen, Max |
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| Jazyk: | angličtina |
| Rok vydání: | 2013 |
| Předmět: | |
| Druh dokumentu: | Text |
| Popis: | 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 homogenization theory previously used for fixed and proportional costs separately to the case of both costs simultaneously. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
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