Investment, Consumption, and Hedging under Incomplete Markets
收藏NBER2007-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13250
下载链接
链接失效反馈官方服务：
资源简介：
Entrepreneurs often face undiversifiable idiosyncratic risks from their business investments. We extend the standard real options approach to an incomplete markets environment and analyze the joint decisions of business investments, consumption/savings, and portfolio selection. For a lump-sum
提供机构：
美国国家经济研究局
创建时间：
2007-07-01
