Estimating Portfolio and Consumption Choice: A Conditional Euler Equations Approach
Article Abstract:
The author considers the effect of time-varying investment variables on portfolio and consumption choices. Portfolio rebalancing, using modified Euler equations, allows for an estimation of optimal gain given fixed and proportional transaction costs.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 1999
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Portfolio choice and asset prices: the importance of entrepreneurial risk
Article Abstract:
The authors examine the application of basic economic theories for selection of investment portfolios. Topics include risk management, investment levels, and entrepreneurs.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2000
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Equilibrium forward curves for commodies
Article Abstract:
The authors examine models for pricing commodities. Topics include endogenous inventory, crude oil futures, and hedging investments.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2000
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