The problem with Merton's solution is that it sometimes violates the constraints against negative wealth and negative consumption stated in Merton (1969) and presumably applicable in Merton (1971 and 1973).
Read More
The problem with Merton's solution is that it sometimes violates the constraints against negative wealth and negative consumption stated in Merton (1969) and presumably applicable in Merton (1971 and 1973).
Read Less
Add this copy of Optimal Consumption and Investment With Bankruptcy to cart. $87.66, new condition, Sold by Solr Books rated 5.0 out of 5 stars, ships from Lincolnwood, IL, UNITED STATES, published 1996 by Springer.
Add this copy of Optimal Consumption and Investment With Bankruptcy to cart. $152.00, very good condition, Sold by BingoBooks2 rated 3.0 out of 5 stars, ships from Vancouver, WA, UNITED STATES, published 1996 by Secaucus, New Jersey, U.S.A. : Kluwer Academic Pub.
Add this copy of Optimal Consumption and Investment with Bankruptcy to cart. $159.69, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2012 by Springer-Verlag New York Inc..
Add this copy of Optimal Consumption and Investment with Bankruptcy to cart. $159.69, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 1996 by Springer.
Add this copy of Optimal Consumption and Investment with Bankruptcy to cart. $185.00, new condition, Sold by Ria Christie Books rated 5.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 1996 by Springer.
