Optimal consumption and portfolio selection with lower and upper bounds on consumption
Abstract We investigate the optimal consumption and investment problem with lower and upper bounds on consumption constraints. We derive closed-form solutions by means of the dynamic programming approach. We also evaluate the effects of the optimal consumption and portfolio on consumption constraint...
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| Autores principales: | , |
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| Formato: | Artigo |
| Lenguaje: | Inglês |
| Publicado: |
SpringerOpen
2020-07-01
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| Colección: | Advances in Difference Equations |
| Materias: | |
| Acceso en línea: | http://link.springer.com/article/10.1186/s13662-020-02809-4 |
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