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Paperback Optimal Consumption and Investment with Bankruptcy Book

ISBN: 1461378710

ISBN13: 9781461378716

Optimal Consumption and Investment with Bankruptcy

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Format: Paperback

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Book Overview

This book presents papers on continuous-time consumption­ investment models by Suresh Sethi and various co-authors. Sir Isaac Newton said that he saw so far because he stood on the shoulders of gi­ ants. Giants upon whose shoulders Professor Sethi and colleagues stand are Robert Merton, particularly Merton's (1969, 1971, 1973) seminal papers, and Paul Samuelson, particularly Samuelson (1969). Karatzas, Lehoczky, Sethi and Shreve (1986), henceforth...

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