Risk Aversion and Optimal Portfolio Policies in Partial and General Equilibrium Economies
收藏NBER2001-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8609
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资源简介：
In this article, we show how to analyze analytically the equilibrium policies and prices in an economy with a stochastic investment opportunity set and incomplete financial markets, when agents have power utility over both intermediate consumption and terminal wealth, and face portfolio constraints.
提供机构：
美国国家经济研究局
创建时间：
2001-11-01
