Optimal Portfolio Choice in a General Equilibrium Model with Portfolio Frictions and Short-Selling Constraint
Recent developments in dynamic portfolio optimization have focused on the role played by portfolio frictions. Portfolio frictions make the portfolio’s response to financial shocks weaker and more gradual than in a model without frictions. At the same time, institutional investors are prevented from...
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| Autori principali: | , |
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| Natura: | Artigo |
| Lingua: | Inglês |
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MDPI AG
2025-06-01
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| Serie: | Mathematics |
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| Accesso online: | https://www.mdpi.com/2227-7390/13/12/1988 |
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