Illiquid Assets and Optimal Portfolio Choice
收藏NBER2006-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12633
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资源简介:
The presence of illiquid assets, such as human wealth or a family owned business, complicates the problem of portfolio choice. This paper is concerned with the problem of optimal asset allocation and consumption in a continuous time model when one asset cannot be traded. This illiquid asset, which
提供机构:
美国国家经济研究局
创建时间:
2006-10-01



